523 W Putnam StPrincetonIL61356
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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 Princeton at 523 W Putnam St, Princeton, IL, 61356 priced at $318,000 converts $1,843/mo rent into after a $1,556/mo obligation. Total monthly income equals $1,843/mo. Return on cash invested prints 15.79% in year one, and rental yield reads 6.95% against a $318,000 entry. Equity gained on principal adds $2,052/yr, while 5% annual appreciation compiles into $87,858 by year five. Five-year ROI reaches 81.71% and total cumulative return in cash sums $86,135. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,843/mo property income covering a $1,556/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61356, Princeton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,262 (100%) |
| Owner Occupied HU | 3,594 (68.3%) |
| Renter Occupied HU | 1,209 (23.0%) |
| Vacant Housing Units | 459 ( 8.7%) |
| Median Home Value | $157,674 |
| Average Home Value | $184,805 |
Housing Distribution
Address Breakdown
Residential
5,015
Single Family
4,724
Multi-Family
291
Businesses
516
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