602 Ridge StWashingtonIL61571
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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 Washington at 602 Ridge St, Washington, IL, 61571 listed at $189,900 pairs $1,438/mo rent with a $929/mo payment to leave $121/mo cash flow. Total monthly income runs $1,438/mo, and annual cash flow reaches $1,455/yr on $62,952 cash to close. Return on cash invested measures 22.22% in year one, and rental yield registers 9.09% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 116.25% and total cumulative return in cash totals $73,181. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,438/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
6,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61571, Washington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,342 (100%) |
| Owner Occupied HU | 7,655 (74.0%) |
| Renter Occupied HU | 2,036 (19.7%) |
| Vacant Housing Units | 651 ( 6.3%) |
| Median Home Value | $232,683 |
| Average Home Value | $263,343 |
Housing Distribution
Address Breakdown
Residential
10,233
Single Family
9,440
Multi-Family
793
Businesses
536
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Listed by: James Rule • eXp Realty
Mls Name: RMLS Alliance
Mls ID: #PA1263627