7024 Upper Meredosia RdBeardstownIL62618
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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 Beardstown at 7024 Upper Meredosia Rd, Beardstown, IL, 62618 listed at $199,000 pairs $1,628/mo rent with a $974/mo payment to leave $248/mo cash flow. Total monthly income runs $1,628/mo, and annual cash flow reaches $2,972/yr on $65,969 cash to close. Return on cash invested measures 24.41% in year one, and rental yield registers 9.82% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 128% and total cumulative return in cash totals $84,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,628/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
1.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62618, Beardstown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,125 (100%) |
| Owner Occupied HU | 1,939 (62.0%) |
| Renter Occupied HU | 869 (27.8%) |
| Vacant Housing Units | 317 (10.1%) |
| Median Home Value | $90,185 |
| Average Home Value | $148,827 |
Housing Distribution
Address Breakdown
Residential
2,926
Single Family
2,861
Multi-Family
65
Businesses
206
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Listed by: Ryan Miller • DeSollar & Wessler Bros Agency, LLC
Mls Name: My State MLS
Mls ID: #11177392