601 Franklin AveWest FrankfortIL62896
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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 West Frankfort at 601 Franklin Ave, West Frankfort, IL, 62896 priced at $160,000 converts $1,547/mo rent into $437/mo cash flow after a $783/mo obligation. Total monthly income equals $1,547/mo, and annual cash flow totals $5,248/yr on $53,040 invested. Return on cash invested prints 29.8% in year one, and rental yield reads 11.6% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 156.93% and total cumulative return in cash sums $83,234. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,547/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62896, West Frankfort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,905 (100%) |
| Owner Occupied HU | 3,622 (61.3%) |
| Renter Occupied HU | 1,438 (24.4%) |
| Vacant Housing Units | 845 (14.3%) |
| Median Home Value | $103,738 |
| Average Home Value | $209,718 |
Housing Distribution
Address Breakdown
Residential
5,100
Single Family
4,925
Multi-Family
175
Businesses
345
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Listed by: Vanessa Burlison • Heavenly Homes Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460349