449 E Oak StWashburnIL61570
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Washburn at 449 E Oak St, Washburn, IL, 61570 priced at $198,000 pairs $1,586/mo rent with $213/mo cash flow after a $969/mo payment. Total monthly income equals $1,586/mo, and annual cash flow comes to $2,553/yr on $65,637 invested. Return on cash invested is 23.8% in year one, and rental yield stands at 9.61% on a $198,000 basis. Equity gained on principal adds $1,278/yr, and 5% annual appreciation accumulates to $54,704 by year five. Five-year ROI measures 124.69% and total cumulative return in cash reaches $81,844. For financing, Ziffy Mortgage’s DSCR program evaluates $1,586/mo property income against a $969/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61570, Washburn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 745 (100%) |
| Owner Occupied HU | 542 (72.8%) |
| Renter Occupied HU | 131 (17.6%) |
| Vacant Housing Units | 72 ( 9.7%) |
| Median Home Value | $142,500 |
| Average Home Value | $195,037 |
Housing Distribution
Address Breakdown
Residential
605
Single Family
595
Multi-Family
10
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices