808 N 3rd StSaint JosephIL61873
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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 Saint Joseph at 808 N 3rd St, Saint Joseph, IL, 61873 priced at $236,460 converts $1,472/mo rent into after a $1,157/mo obligation. Total monthly income equals $1,472/mo. Return on cash invested prints 16.26% in year one, and rental yield reads 7.47% against a $236,460 entry. Equity gained on principal adds $1,526/yr, while 5% annual appreciation compiles into $65,330 by year five. Five-year ROI reaches 84.67% and total cumulative return in cash sums $66,367. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,472/mo property income covering a $1,157/mo payment, not borrower’s personal income.
Home Type Unknown
Built in 2003
4,487 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61873, Saint Joseph, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,391 (100%) |
| Owner Occupied HU | 1,991 (83.3%) |
| Renter Occupied HU | 296 (12.4%) |
| Vacant Housing Units | 104 ( 4.3%) |
| Median Home Value | $268,318 |
| Average Home Value | $282,628 |
Housing Distribution
Address Breakdown
Residential
2,087
Single Family
2,034
Multi-Family
53
Businesses
119
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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