57 W Patterson StMascoutahIL62258
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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
Investment property for sale in Mascoutah at 57 W Patterson St, Mascoutah, IL, 62258 uses $91,163 cash to close to unlock $354/yr annual cash flow and $30/mo monthly cash flow. Total monthly income runs $1,937/mo, and a $1,346/mo payment keeps the spread at $30/mo. Purchase price stands at $275,000, and rental yield measures 8.45% with $1,937/mo rent. Return on cash invested shows 20.3% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 105.94% and total cumulative return in cash records $96,575. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,937/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1904
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62258, Mascoutah, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,248 (100%) |
| Owner Occupied HU | 3,093 (72.8%) |
| Renter Occupied HU | 810 (19.1%) |
| Vacant Housing Units | 345 ( 8.1%) |
| Median Home Value | $271,114 |
| Average Home Value | $278,002 |
Housing Distribution
Address Breakdown
Residential
4,159
Single Family
4,047
Multi-Family
112
Businesses
229
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