453 Illinois AveWood RiverIL62095
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 Wood River at 453 Illinois Ave, Wood River, IL, 62095 offers $1,402/mo rent that, after a $780/mo payment, leaves $297/mo cash flow. Total monthly income is $1,402/mo, and annual cash flow is $3,559/yr on $52,841 cash. Return on cash invested measures 26.64% in year one, and rental yield stands at 10.55% at a $159,400 entry. Equity gained on principal adds $1,029/yr while 5% annual appreciation compounds into $44,039 by year five. Five-year ROI records 139.97% and total cumulative return in cash reaches $73,961. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,402/mo property income versus a $780/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62095, Wood River, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,283 (100%) |
| Owner Occupied HU | 3,376 (63.9%) |
| Renter Occupied HU | 1,490 (28.2%) |
| Vacant Housing Units | 417 ( 7.9%) |
| Median Home Value | $121,172 |
| Average Home Value | $169,213 |
Housing Distribution
Address Breakdown
Residential
4,862
Single Family
4,579
Multi-Family
283
Businesses
361
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julia Kennedy • Landmark Realty
Mls Name: MARIS
Mls ID: #25064683