420 Micahs WayColumbiaIL62236
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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 Columbia at 420 Micahs Way, Columbia, IL, 62236 uses $115,362 cash to close to unlock $13,776/yr annual cash flow and $1,148/mo monthly cash flow. Total monthly income runs $3,574/mo, and a $1,703/mo payment keeps the spread at $1,148/mo. Purchase price stands at $348,000, and rental yield measures 12.32% with $3,574/mo rent. Return on cash invested shows 31.85% in year one, and 5% annual appreciation builds toward $96,146 over five years. Five-year ROI reaches 167.9% and total cumulative return in cash records $193,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,574/mo property income covering a $1,703/mo payment rather than investor’s personal income.
Single Family
Built in 2010
8,276 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62236, Columbia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,987 (100%) |
| Owner Occupied HU | 4,739 (79.2%) |
| Renter Occupied HU | 930 (15.5%) |
| Vacant Housing Units | 318 ( 5.3%) |
| Median Home Value | $325,870 |
| Average Home Value | $363,309 |
Housing Distribution
Address Breakdown
Residential
5,708
Single Family
5,560
Multi-Family
148
Businesses
511
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Listed by: Mandy McGuire • Keller Williams Pinnacle
Mls Name: MARIS
Mls Provider:
Mls ID: #25056817
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