802 W 3rd 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
Investment property for sale in Beardstown at 802 W 3rd St, Beardstown, IL, 62618 offers a 9.04% rental yield on a $139,000 purchase with $1,047/mo rent. Total monthly income registers $1,047/mo, and a $680/mo payment leaves $83/mo available for distribution. Annual cash flow reaches $998/yr on $46,079 to close, and return on cash invested stands at 22.08% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 115.54% and total cumulative return in cash at $53,240. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,047/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
7,187 sqft 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: #11579332