55 W 1st StNashvilleIL62214
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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 Nashville at 55 W 1st St, Nashville, IL, 62214 priced at $260,000 converts $1,360/mo rent into after a $1,273/mo obligation. Total monthly income equals $1,360/mo. Return on cash invested prints 13.73% in year one, and rental yield reads 6.28% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 70.75% and total cumulative return in cash sums $60,977. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,360/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 1913
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62214, Addieville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 515 (100%) |
| Owner Occupied HU | 414 (80.4%) |
| Renter Occupied HU | 44 ( 8.5%) |
| Vacant Housing Units | 57 (11.1%) |
| Median Home Value | $240,000 |
| Average Home Value | $266,643 |
Housing Distribution
Address Breakdown
Residential
451
Single Family
451
Multi-Family
0
Businesses
21
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