502 Albers StGoldenIL62339
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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 Golden at 502 Albers St, Golden, IL, 62339 priced at $259,000 converts $1,981/mo rent into $184/mo cash flow after a $1,268/mo obligation. Total monthly income equals $1,981/mo, and annual cash flow totals $2,210/yr on $85,859 invested. Return on cash invested prints 22.48% in year one, and rental yield reads 9.18% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 117.66% and total cumulative return in cash sums $101,020. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,981/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 1922
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62339, Golden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 365 (100%) |
| Owner Occupied HU | 278 (76.2%) |
| Renter Occupied HU | 56 (15.3%) |
| Vacant Housing Units | 31 ( 8.5%) |
| Median Home Value | $171,154 |
| Average Home Value | $195,926 |
Housing Distribution
Address Breakdown
Residential
304
Single Family
304
Multi-Family
0
Businesses
40
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