405 S Summit DrWashingtonIL61571
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Washington at 405 S Summit Dr, Washington, IL, 61571 offers $1,074/mo rent that, after a $661/mo payment, leaves $137/mo cash flow. Total monthly income is $1,074/mo, and annual cash flow is $1,648/yr on $44,753 cash. Return on cash invested measures 23.59% in year one, and rental yield stands at 9.55% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 123.64% and total cumulative return in cash reaches $55,333. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,074/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
9,120 sqft 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: Mark W Helmuth • RE/MAX WRC Downtown
Mls Name: RMLS Alliance
Mls ID: #PA1260758