507 S Taft 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
Rental property for sale in West Frankfort at 507 S Taft St, West Frankfort, IL, 62896 priced at $129,999 converts $960/mo rent into $59/mo cash flow after a $636/mo obligation. Total monthly income equals $960/mo, and annual cash flow totals $703/yr on $43,095 invested. Return on cash invested prints 21.54% in year one, and rental yield reads 8.86% against a $129,999 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,916 by year five. Five-year ROI reaches 112.61% and total cumulative return in cash sums $48,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $636/mo payment, not borrower’s personal income.
Multi Family
Built in 1999
0.30 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: Kim Baldwin • House 2 Home Realty Marion
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000262