606 Catherine 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
Rental property for sale in Washington at 606 Catherine St, Washington, IL, 61571 priced at $144,800 converts $2,183/mo rent into $1,076/mo cash flow after a $709/mo obligation. Total monthly income equals $2,183/mo, and annual cash flow totals $12,914/yr on $48,001 invested. Return on cash invested prints 46.81% in year one, and rental yield reads 18.09% against a $144,800 entry. Equity gained on principal adds $934/yr, while 5% annual appreciation compiles into $40,006 by year five. Five-year ROI reaches 249.08% and total cumulative return in cash sums $119,561. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,183/mo property income covering a $709/mo payment, not borrower’s personal income.
Single Family
Built in 1888
0.34 Acres 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: Shellie Wilkes • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1253119
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.