413 S Main StPalestineIL62451
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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 Palestine at 413 S Main St, Palestine, IL, 62451 with 5% annual appreciation on a $175,000 basis while $1,306/mo rent supports operations. Total monthly income totals $1,306/mo and a $857/mo payment preserves $92/mo for cash returns. Annual cash flow comes to $1,100/yr on $58,013 deployed, and return on cash invested reaches 21.81% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 8.96%. Five-year ROI measures 114.03% and total cumulative return in cash totals $66,151.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,306/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62451, Palestine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 992 (100%) |
| Owner Occupied HU | 726 (73.2%) |
| Renter Occupied HU | 140 (14.1%) |
| Vacant Housing Units | 126 (12.7%) |
| Median Home Value | $113,924 |
| Average Home Value | $159,332 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
922
Multi-Family
0
Businesses
80
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