609 Washington StProphetstownIL61277
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Prophetstown at 609 Washington St, Prophetstown, IL, 61277 offers $1,410/mo rent that, after a $974/mo payment, leaves $30/mo cash flow. Total monthly income is $1,410/mo, and annual cash flow is $356/yr on $65,969 cash. Return on cash invested measures 20.45% in year one, and rental yield stands at 8.5% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 106.71% and total cumulative return in cash reaches $70,398. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,410/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61277, Prophetstown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,475 (100%) |
| Owner Occupied HU | 1,053 (71.4%) |
| Renter Occupied HU | 252 (17.1%) |
| Vacant Housing Units | 170 (11.5%) |
| Median Home Value | $164,983 |
| Average Home Value | $205,166 |
Housing Distribution
Address Breakdown
Residential
1,340
Single Family
1,312
Multi-Family
28
Businesses
98
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Listed by: Rachel Allen • KW 1Advantage
Mls Name: RMLS Alliance
Mls ID: #QC4266579