701 S Ridge AveSteelevilleIL62288
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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 Steeleville at 701 S Ridge Ave, Steeleville, IL, 62288 priced at $295,000 pairs $0/mo rent with after a $1,444/mo payment. Total monthly income equals $0/mo. Return on cash invested is -5.2% in year one, and rental yield stands at 0% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62288, Steeleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,381 (100%) |
| Owner Occupied HU | 979 (70.9%) |
| Renter Occupied HU | 245 (17.7%) |
| Vacant Housing Units | 157 (11.4%) |
| Median Home Value | $198,818 |
| Average Home Value | $272,306 |
Housing Distribution
Address Breakdown
Residential
1,230
Single Family
1,219
Multi-Family
11
Businesses
97
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No similar rental properties found nearby.
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Listed by: Shari Hopkins • Worth Clark Realty
Mls Name: MARIS
Mls ID: #26002478