604 E Main StCoffeenIL62017
Nearby investment properties with comparable rents
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
Rental property for sale in Coffeen at 604 E Main St, Coffeen, IL, 62017 offers $1,346/mo rent that, after a $881/mo payment, leaves $98/mo cash flow. Total monthly income is $1,346/mo, and annual cash flow is $1,170/yr on $59,670 cash. Return on cash invested measures 21.87% in year one, and rental yield stands at 8.97% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 114.38% and total cumulative return in cash reaches $68,249. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,346/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62017, Coffeen, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 560 (100%) |
| Owner Occupied HU | 391 (69.8%) |
| Renter Occupied HU | 79 (14.1%) |
| Vacant Housing Units | 90 (16.1%) |
| Median Home Value | $121,484 |
| Average Home Value | $163,798 |
Housing Distribution
Address Breakdown
Residential
438
Single Family
438
Multi-Family
0
Businesses
23
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