404 Wagner StWashingtonIL61571
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Washington at 404 Wagner St, Washington, IL, 61571 listed at $119,900 pairs $1,453/mo rent with a $587/mo payment to leave $621/mo cash flow. Total monthly income runs $1,453/mo, and annual cash flow reaches $7,454/yr on $39,747 cash to close. Return on cash invested measures 38.66% in year one, and rental yield registers 14.54% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 204.48% and total cumulative return in cash totals $81,276. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,453/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61571, Washington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,342 (100%) |
| Owner Occupied HU | 7,655 (74.0%) |
| Renter Occupied HU | 2,036 (19.7%) |
| Vacant Housing Units | 651 ( 6.3%) |
| Median Home Value | $232,683 |
| Average Home Value | $263,343 |
Housing Distribution
Address Breakdown
Residential
10,233
Single Family
9,440
Multi-Family
793
Businesses
536
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Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls ID: #PA1260321