508 Lafayette StBeardstownIL62618
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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 Beardstown at 508 Lafayette St, Beardstown, IL, 62618 with 5% annual appreciation on a $119,000 basis while $943/mo rent supports operations. Total monthly income totals $943/mo and a $582/mo payment preserves $118/mo for cash returns. Annual cash flow comes to $1,416/yr on $39,449 deployed, and return on cash invested reaches 23.5% in year one. Equity gained on principal adds $768/yr, and five-year appreciation sums $32,878 alongside rental yield of 9.51%. Five-year ROI measures 123.21% and total cumulative return in cash totals $48,605.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $943/mo property income versus a $582/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
2,437 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62618, Beardstown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,125 (100%) |
| Owner Occupied HU | 1,939 (62.0%) |
| Renter Occupied HU | 869 (27.8%) |
| Vacant Housing Units | 317 (10.1%) |
| Median Home Value | $90,185 |
| Average Home Value | $148,827 |
Housing Distribution
Address Breakdown
Residential
2,926
Single Family
2,861
Multi-Family
65
Businesses
206
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Listed by: Mary Buffy Tillitt-pratt • Buffy Tillitt & Associates
Mls Name: My State MLS
Mls ID: #11608197