601/605 S 6th St #4HerrinIL62948
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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
Investment property for sale in Herrin at 601/605 S 6th St #4, Herrin, IL, 62948 earns $270/mo cash flow from $1,873/mo rent with a $1,131/mo payment. Total monthly income totals $1,873/mo, and annual cash flow totals $3,244/yr on $76,577 capital. ROI tracks 24.15% on current figures, and rental yield reads 9.73% at a $231,000 purchase. Equity gained on principal adds $1,491/yr, and 5% annual appreciation supports $63,821 over five years. Five-year ROI reaches 126.58% and total cumulative return in cash sums $96,933. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,873/mo property income instead of your personal income.
Multi Family
Built in 1985
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
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