511 Richardson AveAshtonIL61006
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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 Ashton at 511 Richardson Ave, Ashton, IL, 61006 generates $1,262/mo in rent and, after a $783/mo payment, leaves $153/mo in cash flow. Total monthly income is $1,262/mo, and annual cash flow is $1,830/yr on $53,007 invested. Return on cash invested sits at 23.36% in year one, and rental yield is 9.47% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 122.37% and total cumulative return in cash sums $64,866. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,262/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61006, Ashton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 721 (100%) |
| Owner Occupied HU | 494 (68.5%) |
| Renter Occupied HU | 159 (22.1%) |
| Vacant Housing Units | 68 ( 9.4%) |
| Median Home Value | $165,000 |
| Average Home Value | $221,964 |
Housing Distribution
Address Breakdown
Residential
411
Single Family
387
Multi-Family
24
Businesses
42
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