602 S Binkley StWest 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
Investment property for sale in West Frankfort at 602 S Binkley St, West Frankfort, IL, 62896 listed at $158,000 pairs $828/mo rent with a $773/mo payment. Total monthly income runs $828/mo. Return on cash invested measures 13.78% in year one, and rental yield registers 6.29% at a $158,000 basis. Equity gained on principal adds $1,020/yr, and annual property appreciation at 5% supports $43,652 by year five. Five-year ROI tracks 71% and total cumulative return in cash totals $37,186. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $828/mo property income relative to a $773/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.30 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: Jessica Squires • RE/MAX INTEGRITY
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB454719
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