500 E Washington StDe SotoIL62924
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
Investment property for sale in De Soto at 500 E Washington St, De Soto, IL, 62924 uses $37,791 cash to close to unlock $1,347/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $903/mo, and a $558/mo payment keeps the spread at $112/mo. Purchase price stands at $114,000, and rental yield measures 9.51% with $903/mo rent. Return on cash invested shows 23.47% in year one, and 5% annual appreciation builds toward $31,496 over five years. Five-year ROI reaches 123.03% and total cumulative return in cash records $46,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $903/mo property income covering a $558/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62924, De Soto, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,361 (100%) |
| Owner Occupied HU | 800 (58.8%) |
| Renter Occupied HU | 397 (29.2%) |
| Vacant Housing Units | 164 (12.0%) |
| Median Home Value | $115,099 |
| Average Home Value | $154,128 |
Housing Distribution
Address Breakdown
Residential
1,151
Single Family
1,151
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices