617 Washington StHighlandIL62249
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Nearby investment properties with comparable prices
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 Highland at 617 Washington St, Highland, IL, 62249 priced at $190,000 converts $1,745/mo rent into $427/mo cash flow after a $930/mo obligation. Total monthly income equals $1,745/mo, and annual cash flow totals $5,125/yr on $62,985 invested. Return on cash invested prints 28.05% in year one, and rental yield reads 11.02% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 147.52% and total cumulative return in cash sums $92,916. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,745/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 1890
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62249, Highland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,148 (100%) |
| Owner Occupied HU | 5,271 (73.7%) |
| Renter Occupied HU | 1,472 (20.6%) |
| Vacant Housing Units | 405 ( 5.7%) |
| Median Home Value | $264,878 |
| Average Home Value | $300,071 |
Housing Distribution
Address Breakdown
Residential
6,867
Single Family
6,539
Multi-Family
328
Businesses
511
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