454 E Prospect StFarmingtonIL61531
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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 Farmington at 454 E Prospect St, Farmington, IL, 61531 priced at $179,900 converts $1,579/mo rent into $226/mo cash flow after a $881/mo obligation. Total monthly income equals $1,579/mo, and annual cash flow totals $2,711/yr on $59,637 invested. Return on cash invested prints 24.45% in year one, and rental yield reads 10.53% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 128.96% and total cumulative return in cash sums $76,905. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,579/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61531, Farmington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,454 (100%) |
| Owner Occupied HU | 1,032 (71.0%) |
| Renter Occupied HU | 259 (17.8%) |
| Vacant Housing Units | 163 (11.2%) |
| Median Home Value | $121,875 |
| Average Home Value | $160,446 |
Housing Distribution
Address Breakdown
Residential
1,369
Single Family
1,364
Multi-Family
5
Businesses
123
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Listed by: Carla Skaggs • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1256566
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.