424 W Perry StPittsfieldIL62363
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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 Pittsfield at 424 W Perry St, Pittsfield, IL, 62363 offers $1,066/mo rent that, after a $675/mo payment, leaves $109/mo cash flow. Total monthly income is $1,066/mo, and annual cash flow is $1,311/yr on $45,747 cash. Return on cash invested measures 22.77% in year one, and rental yield stands at 9.27% at a $138,000 entry. Equity gained on principal adds $890/yr while 5% annual appreciation compounds into $38,127 by year five. Five-year ROI records 119.26% and total cumulative return in cash reaches $54,558. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,066/mo property income versus a $675/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
4,680 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62363, Pittsfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,738 (100%) |
| Owner Occupied HU | 1,786 (65.2%) |
| Renter Occupied HU | 576 (21.0%) |
| Vacant Housing Units | 376 (13.7%) |
| Median Home Value | $141,274 |
| Average Home Value | $166,190 |
Housing Distribution
Address Breakdown
Residential
2,402
Single Family
2,381
Multi-Family
21
Businesses
304
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Listed by: Candice Daniel • EXP Realty LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035042
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.