613 S Seminary StGeorgetownIL61846
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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 Georgetown at 613 S Seminary St, Georgetown, IL, 61846 priced at $220,000 converts $1,440/mo rent into after a $1,077/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 18.49% in year one, and rental yield reads 7.85% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 96.22% and total cumulative return in cash sums $70,175. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1965
1.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61846, Georgetown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,127 (100%) |
| Owner Occupied HU | 1,371 (64.5%) |
| Renter Occupied HU | 525 (24.7%) |
| Vacant Housing Units | 231 (10.9%) |
| Median Home Value | $86,852 |
| Average Home Value | $120,954 |
Housing Distribution
Address Breakdown
Residential
1,945
Single Family
1,905
Multi-Family
40
Businesses
103
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Listed by: Lindsey Salts • Classic Homes Realty
Mls Name: CIBR
Mls ID: #6256688