603 Bloom StRed BudIL62278
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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 Red Bud at 603 Bloom St, Red Bud, IL, 62278 offers $1,205/mo rent that, after a $978/mo payment. Total monthly income is $1,205/mo. Return on cash invested measures 16.63% in year one, and rental yield stands at 7.23% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 86.23% and total cumulative return in cash reaches $57,145. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,205/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62278, Red Bud, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,001 (100%) |
| Owner Occupied HU | 2,213 (73.7%) |
| Renter Occupied HU | 542 (18.1%) |
| Vacant Housing Units | 246 ( 8.2%) |
| Median Home Value | $215,244 |
| Average Home Value | $242,262 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,719
Multi-Family
74
Businesses
247
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Listed by: Monica Schmidt • eXp Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25036734
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