588 S Shannon AveRICHVIEWIL62877
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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 RICHVIEW at 588 S Shannon Ave, RICHVIEW, IL, 62877 uses $46,244 cash to close to unlock $3,314/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $1,244/mo, and a $683/mo payment keeps the spread at $276/mo. Purchase price stands at $139,500, and rental yield measures 10.7% with $1,244/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $38,541 over five years. Five-year ROI reaches 142.38% and total cumulative return in cash records $65,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,244/mo property income covering a $683/mo payment rather than investor’s personal income.
Single Family
Built in 1941
6.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62877, Richview, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 206 (100%) |
| Owner Occupied HU | 157 (76.2%) |
| Renter Occupied HU | 33 (16.0%) |
| Vacant Housing Units | 16 ( 7.8%) |
| Median Home Value | $153,693 |
| Average Home Value | $174,777 |
Housing Distribution
Address Breakdown
Residential
188
Single Family
188
Multi-Family
0
Businesses
12
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