429 W Olive StStauntonIL62088
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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 Staunton at 429 W Olive St, Staunton, IL, 62088 priced at $204,900 converts $900/mo rent into after a $1,003/mo obligation. Total monthly income equals $900/mo. Return on cash invested prints 10.7% in year one, and rental yield reads 5.27% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 54.45% and total cumulative return in cash sums $36,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62088, Staunton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,076 (100%) |
| Owner Occupied HU | 2,121 (69.0%) |
| Renter Occupied HU | 659 (21.4%) |
| Vacant Housing Units | 296 ( 9.6%) |
| Median Home Value | $151,474 |
| Average Home Value | $187,077 |
Housing Distribution
Address Breakdown
Residential
2,953
Single Family
2,876
Multi-Family
77
Businesses
185
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Listed by: David A Cisler • Cisler & Assoc Real Estate
Mls Name: MARIS
Mls Provider:
Mls ID: #24076106
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