407 Milster StElkvilleIL62932
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 Elkville at 407 Milster St, Elkville, IL, 62932 offers $1,163/mo rent that, after a $636/mo payment, leaves $262/mo cash flow. Total monthly income is $1,163/mo, and annual cash flow is $3,139/yr on $43,095 cash. Return on cash invested measures 27.19% in year one, and rental yield stands at 10.74% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 142.94% and total cumulative return in cash reaches $61,599. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,163/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62932, Elkville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 677 (100%) |
| Owner Occupied HU | 447 (66.0%) |
| Renter Occupied HU | 129 (19.1%) |
| Vacant Housing Units | 101 (14.9%) |
| Median Home Value | $82,119 |
| Average Home Value | $102,953 |
Housing Distribution
Address Breakdown
Residential
551
Single Family
551
Multi-Family
0
Businesses
31
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