538 E Mulberry StWatsekaIL60970
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Watseka at 538 E Mulberry St, Watseka, IL, 60970 offers $720/mo rent that, after a $587/mo payment. Total monthly income is $720/mo. Return on cash invested measures 16.53% in year one, and rental yield stands at 7.21% at a $119,900 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,126 by year five. Five-year ROI records 85.8% and total cumulative return in cash reaches $34,104. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $720/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60970, Watseka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,333 (100%) |
| Owner Occupied HU | 1,968 (59.0%) |
| Renter Occupied HU | 860 (25.8%) |
| Vacant Housing Units | 505 (15.2%) |
| Median Home Value | $153,372 |
| Average Home Value | $210,017 |
Housing Distribution
Address Breakdown
Residential
2,924
Single Family
2,747
Multi-Family
177
Businesses
321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices