608 N 3rd StRivertonIL62561
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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 Riverton at 608 N 3rd St, Riverton, IL, 62561 offers a 12.11% rental yield on a $195,000 purchase with $1,968/mo rent. Total monthly income registers $1,968/mo, and a $954/mo payment leaves $616/mo available for distribution. Annual cash flow reaches $7,390/yr on $64,643 to close, and return on cash invested stands at 31.34% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 165.12% and total cumulative return in cash at $106,738. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,968/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
8,250 sqft lot
$N/A/sqft
No HOA
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Listed by: Joseph E Tetzlaff • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1039010
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.