409 E 3rd StPleasant PlainsIL62677
Nearby investment properties with comparable rents
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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
Rental property for sale in Pleasant Plains at 409 E 3rd St, Pleasant Plains, IL, 62677 priced at $129,000 converts $1,311/mo rent into $417/mo cash flow after a $631/mo obligation. Total monthly income equals $1,311/mo, and annual cash flow totals $4,999/yr on $42,764 invested. Return on cash invested prints 31.6% in year one, and rental yield reads 12.2% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 166.55% and total cumulative return in cash sums $71,221. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,311/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1900
9,834 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62677, Pleasant Plains, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,138 (100%) |
| Owner Occupied HU | 955 (83.9%) |
| Renter Occupied HU | 105 ( 9.2%) |
| Vacant Housing Units | 78 ( 6.9%) |
| Median Home Value | $242,655 |
| Average Home Value | $276,123 |
Housing Distribution
Address Breakdown
Residential
920
Single Family
920
Multi-Family
0
Businesses
39
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Listed by: Tracy M Shaw • Keller Williams Capital
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035882
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.