618 E Locust StCantonIL61520
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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 Canton at 618 E Locust St, Canton, IL, 61520 offers $2,474/mo rent that, after a $695/mo payment, leaves $1,489/mo cash flow. Total monthly income is $2,474/mo, and annual cash flow is $17,869/yr on $47,073 cash. Return on cash invested measures 57.87% in year one, and rental yield stands at 20.91% at a $142,000 entry. Equity gained on principal adds $916/yr while 5% annual appreciation compounds into $39,232 by year five. Five-year ROI records 307.49% and total cumulative return in cash reaches $144,746. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,474/mo property income versus a $695/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
9,780 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61520, Canton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,481 (100%) |
| Owner Occupied HU | 4,774 (63.8%) |
| Renter Occupied HU | 1,833 (24.5%) |
| Vacant Housing Units | 874 (11.7%) |
| Median Home Value | $121,170 |
| Average Home Value | $158,401 |
Housing Distribution
Address Breakdown
Residential
6,714
Single Family
6,340
Multi-Family
374
Businesses
482
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Listed by: Brenda Yaeger • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1252414
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.