797 State StWood RiverIL62095
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wood River at 797 State St, Wood River, IL, 62095 offers $1,498/mo rent that, after a $557/mo payment, leaves $590/mo cash flow. Total monthly income is $1,498/mo, and annual cash flow is $7,084/yr on $37,725 cash. Return on cash invested measures 38.69% in year one, and rental yield stands at 15.8% at a $113,800 entry. Equity gained on principal adds $734/yr while 5% annual appreciation compounds into $31,441 by year five. Five-year ROI records 205.98% and total cumulative return in cash reaches $77,705. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,498/mo property income versus a $557/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62095, Wood River, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,283 (100%) |
| Owner Occupied HU | 3,376 (63.9%) |
| Renter Occupied HU | 1,490 (28.2%) |
| Vacant Housing Units | 417 ( 7.9%) |
| Median Home Value | $121,172 |
| Average Home Value | $169,213 |
Housing Distribution
Address Breakdown
Residential
4,862
Single Family
4,579
Multi-Family
283
Businesses
361
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Nearby investment properties with comparable prices
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