408 E Kaskaskia StPinckneyvilleIL62274
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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 Pinckneyville at 408 E Kaskaskia St, Pinckneyville, IL, 62274 priced at $194,800 converts $1,670/mo rent into $319/mo cash flow after a $953/mo obligation. Total monthly income equals $1,670/mo, and annual cash flow totals $3,831/yr on $64,576 invested. Return on cash invested prints 25.84% in year one, and rental yield reads 10.29% against a $194,800 entry. Equity gained on principal adds $1,257/yr, while 5% annual appreciation compiles into $53,820 by year five. Five-year ROI reaches 135.68% and total cumulative return in cash sums $87,619. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,670/mo property income covering a $953/mo payment, not borrower’s personal income.
Single Family
Built in 1916
0.41 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: RMLS Alliance
Mls ID: #EB457825