612 N 3rd StGirardIL62640
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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 Girard at 612 N 3rd St, Girard, IL, 62640 generates $2,651/mo in rent and, after a $1,023/mo payment, leaves $1,201/mo in cash flow. Total monthly income is $2,651/mo, and annual cash flow is $14,415/yr on $69,284 invested. Return on cash invested sits at 40.72% in year one, and rental yield is 15.22% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 215.45% and total cumulative return in cash sums $149,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,651/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62640, Girard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,769 (100%) |
| Owner Occupied HU | 1,192 (67.4%) |
| Renter Occupied HU | 311 (17.6%) |
| Vacant Housing Units | 266 (15.0%) |
| Median Home Value | $168,254 |
| Average Home Value | $205,048 |
Housing Distribution
Address Breakdown
Residential
1,545
Single Family
1,516
Multi-Family
29
Businesses
79
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Listed by: Lori M Smith • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1028530
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.