500 E Bancroft StWest PointIL62380
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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 West Point at 500 E Bancroft St, West Point, IL, 62380 priced at $185,000 converts $910/mo rent into after a $905/mo obligation. Total monthly income equals $910/mo. Return on cash invested prints 12.62% in year one, and rental yield reads 5.9% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 64.77% and total cumulative return in cash sums $39,723. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $910/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1940
5 Acres lot
$N/A/sqft
No HOA
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Listed by: Joylene L Frye • Joy's Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1254842
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