407 N 9th StAltamontIL62411
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 Altamont at 407 N 9th St, Altamont, IL, 62411 offers $1,177/mo rent that, after a $553/mo payment, leaves $393/mo cash flow. Total monthly income is $1,177/mo, and annual cash flow is $4,719/yr on $37,460 cash. Return on cash invested measures 32.51% in year one, and rental yield stands at 12.5% at a $113,000 entry. Equity gained on principal adds $729/yr while 5% annual appreciation compounds into $31,220 by year five. Five-year ROI records 171.5% and total cumulative return in cash reaches $64,241. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,177/mo property income versus a $553/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62411, Altamont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,946 (100%) |
| Owner Occupied HU | 1,455 (74.8%) |
| Renter Occupied HU | 326 (16.8%) |
| Vacant Housing Units | 165 ( 8.5%) |
| Median Home Value | $164,718 |
| Average Home Value | $241,765 |
Housing Distribution
Address Breakdown
Residential
1,800
Single Family
1,745
Multi-Family
55
Businesses
167
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