611 Palestine RdChesterIL62233
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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 Chester at 611 Palestine Rd, Chester, IL, 62233 priced at $104,900 converts $846/mo rent into $119/mo cash flow after a $513/mo obligation. Total monthly income equals $846/mo, and annual cash flow totals $1,426/yr on $34,774 invested. Return on cash invested prints 24.01% in year one, and rental yield reads 9.68% against a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation compiles into $28,982 by year five. Five-year ROI reaches 125.84% and total cumulative return in cash sums $43,758. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $846/mo property income covering a $513/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62233, Chester, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,782 (100%) |
| Owner Occupied HU | 1,839 (66.1%) |
| Renter Occupied HU | 584 (21.0%) |
| Vacant Housing Units | 359 (12.9%) |
| Median Home Value | $144,761 |
| Average Home Value | $183,619 |
Housing Distribution
Address Breakdown
Residential
2,523
Single Family
2,421
Multi-Family
102
Businesses
201
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Listed by: Kathy Patterson • Legacy Land & Homes of Illinois
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB456436
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.