61 Eckhard AveWood RiverIL62095
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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 Wood River at 61 Eckhard Ave, Wood River, IL, 62095 uses $36,465 cash to close to unlock $5,369/yr annual cash flow and $447/mo monthly cash flow. Total monthly income runs $1,210/mo, and a $538/mo payment keeps the spread at $447/mo. Purchase price stands at $110,000, and rental yield measures 13.2% with $1,210/mo rent. Return on cash invested shows 34.63% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 182.87% and total cumulative return in cash records $66,684. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,210/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1920
4,103 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62095, Wood River, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,283 (100%) |
| Owner Occupied HU | 3,376 (63.9%) |
| Renter Occupied HU | 1,490 (28.2%) |
| Vacant Housing Units | 417 ( 7.9%) |
| Median Home Value | $121,172 |
| Average Home Value | $169,213 |
Housing Distribution
Address Breakdown
Residential
4,862
Single Family
4,579
Multi-Family
283
Businesses
361
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Listed by: Julia Kennedy • Landmark Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25045610
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