614 8th StSaint DavidIL61563
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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 Saint David at 614 8th St, Saint David, IL, 61563 uses $62,156 cash to close to unlock $3,158/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $1,564/mo, and a $918/mo payment keeps the spread at $263/mo. Purchase price stands at $187,500, and rental yield measures 10.01% with $1,564/mo rent. Return on cash invested shows 24.99% in year one, and 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 131.14% and total cumulative return in cash records $81,511. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,564/mo property income covering a $918/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61563, Saint David, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 246 (100%) |
| Owner Occupied HU | 179 (72.8%) |
| Renter Occupied HU | 27 (11.0%) |
| Vacant Housing Units | 40 (16.3%) |
| Median Home Value | $120,625 |
| Average Home Value | $138,352 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
7
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Listed by: Michaeline D Harrison • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls ID: #PA1260072