501 N Locust StWest FrankfortIL62896
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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
Investment property for sale in West Frankfort at 501 N Locust St, West Frankfort, IL, 62896 offers a 11.01% rental yield on a $139,999 purchase with $1,284/mo rent. Total monthly income registers $1,284/mo, and a $685/mo payment leaves $249/mo available for distribution. Annual cash flow reaches $2,991/yr on $46,410 to close, and return on cash invested stands at 26.35% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 139.05% and total cumulative return in cash at $64,534. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,284/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62896, West Frankfort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,905 (100%) |
| Owner Occupied HU | 3,622 (61.3%) |
| Renter Occupied HU | 1,438 (24.4%) |
| Vacant Housing Units | 845 (14.3%) |
| Median Home Value | $103,738 |
| Average Home Value | $209,718 |
Housing Distribution
Address Breakdown
Residential
5,100
Single Family
4,925
Multi-Family
175
Businesses
345
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Listed by: Jenell W Brookhouse • C21 House of Realty, INC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB452732
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.