405 W Michigan Ave, South Jacksonville, IL, 62650 | $376/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1584 sft

13287 E Bethel Church Rd, Arenzville, IL, 62611

3 Bed
1 Bath
1058 sft

23 Arthur Jones Ave, New Berlin, IL, 62670

4 Bed
2 Bath
2430 sft

1154 Dickerman Rd, Franklin, IL, 62638

3 Bed
2 Bath
1368 sft

2163 Levee Rd S, Beardstown, IL, 62618

Nearby investment properties with comparable prices

4 Bed
2 Bath
1461 sft

108 Thiesland Dr, Woodson, IL, 62695

3 Bed
2 Bath
1600 sft

409 W Illinois St, New Berlin, IL, 62670

3 Bed
2 Bath
1750 sft

704 E Gibson St, New Berlin, IL, 62670

3 Bed
2 Bath
1575 sft

1321 Goltra Ave, Jacksonville, IL, 62650

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in South Jacksonville at 405 W Michigan Ave, South Jacksonville, IL, 62650 generates $1,693/mo in rent and, after a $929/mo payment, leaves $376/mo in cash flow. Total monthly income is $1,693/mo, and annual cash flow is $4,515/yr on $62,952 invested. Return on cash invested sits at 27.08% in year one, and rental yield is 10.7% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 142.35% and total cumulative return in cash sums $89,609. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,693/mo property income rather than buyer’s personal income.

Single Family

Built in 1946

8,400 sqft lot

$N/A/sqft

No HOA