509 E Prospect StKewaneeIL61443
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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 Kewanee at 509 E Prospect St, Kewanee, IL, 61443 priced at $164,900 converts $1,238/mo rent into $94/mo cash flow after a $807/mo obligation. Total monthly income equals $1,238/mo, and annual cash flow totals $1,132/yr on $54,664 invested. Return on cash invested prints 21.98% in year one, and rental yield reads 9.01% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 114.99% and total cumulative return in cash sums $62,860. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,238/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1911
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61443, Kewanee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,351 (100%) |
| Owner Occupied HU | 4,022 (63.3%) |
| Renter Occupied HU | 1,568 (24.7%) |
| Vacant Housing Units | 761 (12.0%) |
| Median Home Value | $86,468 |
| Average Home Value | $130,548 |
Housing Distribution
Address Breakdown
Residential
5,804
Single Family
5,476
Multi-Family
328
Businesses
437
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