508 E Lafayette StClaytonIL62324
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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 Clayton at 508 E Lafayette St, Clayton, IL, 62324 uses $37,957 cash to close to unlock $831/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $863/mo, and a $560/mo payment keeps the spread at $69/mo. Purchase price stands at $114,500, and rental yield measures 9.04% with $863/mo rent. Return on cash invested shows 22.1% in year one, and 5% annual appreciation builds toward $31,634 over five years. Five-year ROI reaches 115.64% and total cumulative return in cash records $43,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $863/mo property income covering a $560/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62324, Clayton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 666 (100%) |
| Owner Occupied HU | 471 (70.7%) |
| Renter Occupied HU | 93 (14.0%) |
| Vacant Housing Units | 102 (15.3%) |
| Median Home Value | $134,840 |
| Average Home Value | $177,606 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
541
Multi-Family
0
Businesses
25
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