712 W Jackson AveAltamontIL62411
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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 Altamont at 712 W Jackson Ave, Altamont, IL, 62411 priced at $135,000 converts $920/mo rent into after a $661/mo obligation. Total monthly income equals $920/mo. Return on cash invested prints 19.46% in year one, and rental yield reads 8.18% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 101.52% and total cumulative return in cash sums $45,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $920/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 2022
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62411, Altamont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,946 (100%) |
| Owner Occupied HU | 1,455 (74.8%) |
| Renter Occupied HU | 326 (16.8%) |
| Vacant Housing Units | 165 ( 8.5%) |
| Median Home Value | $164,718 |
| Average Home Value | $241,765 |
Housing Distribution
Address Breakdown
Residential
1,800
Single Family
1,745
Multi-Family
55
Businesses
167
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