604 Eastern AveGreenvilleIL62246
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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 Greenville at 604 Eastern Ave, Greenville, IL, 62246 uses $84,533 cash to close to unlock $5,793/yr annual cash flow and $483/mo monthly cash flow. Total monthly income runs $2,333/mo, and a $1,248/mo payment keeps the spread at $483/mo. Purchase price stands at $255,000, and rental yield measures 10.98% with $2,333/mo rent. Return on cash invested shows 26.76% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 141% and total cumulative return in cash records $119,192. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,333/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1940
9,180 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62246, Greenville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,836 (100%) |
| Owner Occupied HU | 2,456 (64.0%) |
| Renter Occupied HU | 966 (25.2%) |
| Vacant Housing Units | 414 (10.8%) |
| Median Home Value | $149,191 |
| Average Home Value | $184,404 |
Housing Distribution
Address Breakdown
Residential
3,558
Single Family
3,489
Multi-Family
69
Businesses
348
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Listed by: Crystal Grove • Bond County Realtors
Mls Name: MARIS
Mls Provider:
Mls ID: #25062799
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