425 E North 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 425 E North St, Pittsfield, IL, 62363 priced at $160,000 converts $947/mo rent into after a $783/mo obligation. Total monthly income equals $947/mo. Return on cash invested prints 16.23% in year one, and rental yield reads 7.1% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 84.14% and total cumulative return in cash sums $44,630. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $947/mo property income covering a $783/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
0.55 Acres 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: Robert Evans • Ridgeline Sales Group, LLC
Mls Name: My State MLS
Mls ID: #11606588