606 N Cedar DrSaint JosephIL61873
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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 Saint Joseph at 606 N Cedar Dr, Saint Joseph, IL, 61873 earns $702/mo cash flow from $2,349/mo rent with a $1,162/mo payment. Total monthly income totals $2,349/mo, and annual cash flow totals $8,425/yr on $78,731 capital. ROI tracks 30.61% on current figures, and rental yield reads 11.87% at a $237,500 purchase. Equity gained on principal adds $1,533/yr, and 5% annual appreciation supports $65,617 over five years. Five-year ROI reaches 161.25% and total cumulative return in cash sums $126,957. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,349/mo property income instead of your personal income.
Single Family
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61873, Saint Joseph, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,391 (100%) |
| Owner Occupied HU | 1,991 (83.3%) |
| Renter Occupied HU | 296 (12.4%) |
| Vacant Housing Units | 104 ( 4.3%) |
| Median Home Value | $268,318 |
| Average Home Value | $282,628 |
Housing Distribution
Address Breakdown
Residential
2,087
Single Family
2,034
Multi-Family
53
Businesses
119
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Listed by: Caryn Happ • KELLER WILLIAMS-TREC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12529279