802 Canal StBeardstownIL62618
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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 Beardstown at 802 Canal St, Beardstown, IL, 62618 priced at $149,500 converts $1,177/mo rent into $140/mo cash flow after a $732/mo obligation. Total monthly income equals $1,177/mo, and annual cash flow totals $1,677/yr on $49,559 invested. Return on cash invested prints 23.29% in year one, and rental yield reads 9.45% against a $149,500 entry. Equity gained on principal adds $965/yr, while 5% annual appreciation compiles into $41,304 by year five. Five-year ROI reaches 122% and total cumulative return in cash sums $60,461. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,177/mo property income covering a $732/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.26 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: Mary Buffy Tillitt-pratt • Buffy Tillitt & Associates
Mls Name: My State MLS
Mls ID: #11537449