409 N Elm StPatokaIL62875
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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 Patoka at 409 N Elm St, Patoka, IL, 62875 priced at $130,000 converts $979/mo rent into $78/mo cash flow after a $636/mo obligation. Total monthly income equals $979/mo, and annual cash flow totals $931/yr on $43,095 invested. Return on cash invested prints 22.07% in year one, and rental yield reads 9.04% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 115.43% and total cumulative return in cash sums $49,743. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $979/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62875, Patoka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 442 (100%) |
| Owner Occupied HU | 338 (76.5%) |
| Renter Occupied HU | 60 (13.6%) |
| Vacant Housing Units | 44 ( 10.0%) |
| Median Home Value | $100,000 |
| Average Home Value | $149,527 |
Housing Distribution
Address Breakdown
Residential
451
Single Family
451
Multi-Family
0
Businesses
30
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