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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Watseka at 429 E Elm St, Watseka, IL, 60970 generates $720/mo in rent, after a $675/mo payment. Total monthly income is $720/mo. Return on cash invested sits at 13.7% in year one, and rental yield is 6.27% on a $137,900 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation builds toward $38,099 over five years. Five-year ROI reaches 70.56% and total cumulative return in cash sums $32,255. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $720/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 60970, Watseka, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,333 (100%) |
| Owner Occupied HU | 1,968 (59.0%) |
| Renter Occupied HU | 860 (25.8%) |
| Vacant Housing Units | 505 (15.2%) |
| Median Home Value | $153,372 |
| Average Home Value | $210,017 |
Residential
2,924
Single Family
2,747
Multi-Family
177
Businesses
321
Date | Event | Price |
|---|---|---|
| 2024-09-10 | Price change | $137,900 |
| 2024-07-17 | Listed for sale | $145,900 |
| 2008-08-08 | Sold | $70,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $2238.26 | 29.28% | $27,180 | 19.21% |
| 2022-10-18 | $1731.28 | -3.92% | $22,800 | 3.03% |
| 2021-10-18 | $1801.86 | -9.38% | $22,130 | -6.51% |
Listed by: Tim Smith • Smith's Real Estate Services,
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12111767
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)
