698 Downey DrPrincetonIL61356
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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 Princeton at 698 Downey Dr, Princeton, IL, 61356 offers a 9.08% rental yield on a $167,500 purchase with $1,267/mo rent. Total monthly income registers $1,267/mo, and a $820/mo payment leaves $105/mo available for distribution. Annual cash flow reaches $1,260/yr on $55,526 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $1,081/yr while 5% annual appreciation supports $46,277 over five years. Portfolio math shows five-year ROI at 116.08% and total cumulative return in cash at $64,456. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,267/mo property income against a $820/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61356, Princeton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,262 (100%) |
| Owner Occupied HU | 3,594 (68.3%) |
| Renter Occupied HU | 1,209 (23.0%) |
| Vacant Housing Units | 459 ( 8.7%) |
| Median Home Value | $157,674 |
| Average Home Value | $184,805 |
Housing Distribution
Address Breakdown
Residential
5,015
Single Family
4,724
Multi-Family
291
Businesses
516
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