506 W Walnut StGillespieIL62033
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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 Gillespie at 506 W Walnut St, Gillespie, IL, 62033 with 5% annual appreciation on a $119,000 basis while $953/mo rent supports operations. Total monthly income totals $953/mo and a $582/mo payment preserves $128/mo for cash returns. Annual cash flow comes to $1,536/yr on $39,449 deployed, and return on cash invested reaches 23.8% in year one. Equity gained on principal adds $768/yr, and five-year appreciation sums $32,878 alongside rental yield of 9.61%. Five-year ROI measures 124.85% and total cumulative return in cash totals $49,253.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $953/mo property income versus a $582/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62033, Gillespie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,279 (100%) |
| Owner Occupied HU | 1,466 (64.3%) |
| Renter Occupied HU | 471 (20.7%) |
| Vacant Housing Units | 342 (15.0%) |
| Median Home Value | $116,905 |
| Average Home Value | $157,456 |
Housing Distribution
Address Breakdown
Residential
2,007
Single Family
2,003
Multi-Family
4
Businesses
124
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Listed by: Matt Garrison • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1039345
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.