616 Grand AveSaint 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 616 Grand Ave, Saint David, IL, 61563 listed at $104,900 pairs $1,559/mo rent with a $513/mo payment to leave $832/mo cash flow. Total monthly income runs $1,559/mo, and annual cash flow reaches $9,982/yr on $34,774 cash to close. Return on cash invested measures 48.61% in year one, and rental yield registers 17.83% at a $104,900 basis. Equity gained on principal adds $677/yr, and annual property appreciation at 5% supports $28,982 by year five. Five-year ROI tracks 257.76% and total cumulative return in cash totals $89,634. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,559/mo property income relative to a $513/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
4,895 sqft 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: Michelle L Campbell • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1254126
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.