515 E Franklin StPaxtonIL60957
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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 Paxton at 515 E Franklin St, Paxton, IL, 60957 offers $940/mo rent that, after a $832/mo payment. Total monthly income is $940/mo. Return on cash invested measures 14.82% in year one, and rental yield stands at 6.64% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 76.52% and total cumulative return in cash reaches $43,125. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $940/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60957, Paxton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,413 (100%) |
| Owner Occupied HU | 1,592 (66.0%) |
| Renter Occupied HU | 554 (23.0%) |
| Vacant Housing Units | 267 (11.1%) |
| Median Home Value | $124,230 |
| Average Home Value | $154,234 |
Housing Distribution
Address Breakdown
Residential
2,236
Single Family
2,188
Multi-Family
48
Businesses
233
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