516 E Washington StAshlandIL62612
Nearby investment properties with comparable rents
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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 Ashland at 516 E Washington St, Ashland, IL, 62612 priced at $189,900 pairs $2,105/mo rent with $788/mo cash flow after a $929/mo payment. Total monthly income equals $2,105/mo, and annual cash flow comes to $9,459/yr on $62,952 invested. Return on cash invested is 34.94% in year one, and rental yield stands at 13.3% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 184.47% and total cumulative return in cash reaches $116,129. For financing, Ziffy Mortgage’s DSCR program evaluates $2,105/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62612, Ashland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 837 (100%) |
| Owner Occupied HU | 627 (74.9%) |
| Renter Occupied HU | 139 (16.6%) |
| Vacant Housing Units | 71 ( 8.5%) |
| Median Home Value | $137,664 |
| Average Home Value | $197,955 |
Housing Distribution
Address Breakdown
Residential
561
Single Family
561
Multi-Family
0
Businesses
43
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Listed by: Dawn Sunley • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1031564
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.