506 S 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 506 S Locust St, West Frankfort, IL, 62896 uses $45,416 cash to close to unlock $171/yr annual cash flow and $14/mo monthly cash flow. Total monthly income runs $965/mo, and a $671/mo payment keeps the spread at $14/mo. Purchase price stands at $137,000, and rental yield measures 8.45% with $965/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $37,851 over five years. Five-year ROI reaches 105.94% and total cumulative return in cash records $48,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $965/mo property income covering a $671/mo payment rather than investor’s personal income.
Single Family
Built in 1935
N/A 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: Debbie Duncan • House 2 Home Realty Marion
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4259923
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.