606 Northgate 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
Rental property for sale in Saint Joseph at 606 Northgate Dr, Saint Joseph, IL, 61873 generates $1,905/mo in rent and, after a $1,174/mo payment, leaves $241/mo in cash flow. Total monthly income is $1,905/mo, and annual cash flow is $2,894/yr on $79,527 invested. Return on cash invested sits at 23.55% in year one, and rental yield is 9.53% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 123.39% and total cumulative return in cash sums $98,131. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,905/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
9,425 sqft 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: Ronald Fields, ABR,E-PRO,GRI • AroundCU Real Estate Company
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12527250