508 S State StFreeburgIL62243
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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 Freeburg at 508 S State St, Freeburg, IL, 62243 with 5% annual appreciation on a $299,900 basis while $2,462/mo rent supports operations. Total monthly income totals $2,462/mo and a $1,468/mo payment preserves $382/mo for cash returns. Annual cash flow comes to $4,580/yr on $99,417 deployed, and return on cash invested reaches 24.52% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 9.85%. Five-year ROI measures 128.53% and total cumulative return in cash totals $127,780.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,462/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62243, Freeburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,453 (100%) |
| Owner Occupied HU | 1,948 (79.4%) |
| Renter Occupied HU | 340 (13.9%) |
| Vacant Housing Units | 165 ( 6.7%) |
| Median Home Value | $316,312 |
| Average Home Value | $332,109 |
Housing Distribution
Address Breakdown
Residential
2,430
Single Family
2,430
Multi-Family
0
Businesses
201
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