409 W Jefferson AvePatokaIL62875
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 Patoka at 409 W Jefferson Ave, Patoka, IL, 62875 generates $590/mo in rent, after a $729/mo payment. Total monthly income is $590/mo. Return on cash invested sits at 9.14% in year one, and rental yield is 4.75% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 46.1% and total cumulative return in cash sums $22,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $590/mo property income rather than buyer’s personal income.
Manufactured
Built in 1988
0.69 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices