407 W Water StPinckneyvilleIL62274
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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 Pinckneyville at 407 W Water St, Pinckneyville, IL, 62274 listed at $238,000 pairs $1,668/mo rent with a $1,165/mo payment to leave $17/mo cash flow. Total monthly income runs $1,668/mo, and annual cash flow reaches $205/yr on $78,897 cash to close. Return on cash invested measures 20.17% in year one, and rental yield registers 8.41% at a $238,000 basis. Equity gained on principal adds $1,536/yr, and annual property appreciation at 5% supports $65,755 by year five. Five-year ROI tracks 105.26% and total cumulative return in cash totals $83,050. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,668/mo property income relative to a $1,165/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1896
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62274, Pinckneyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,797 (100%) |
| Owner Occupied HU | 1,992 (71.2%) |
| Renter Occupied HU | 489 (17.5%) |
| Vacant Housing Units | 316 (11.3%) |
| Median Home Value | $135,128 |
| Average Home Value | $169,423 |
Housing Distribution
Address Breakdown
Residential
2,599
Single Family
2,497
Multi-Family
102
Businesses
223
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Listed by: Stephen Cannedy • SHAMROCK REAL ESTATE
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB450644