9 Orchard DrCharlestonIL61920
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
Investment property for sale in Charleston at 9 Orchard Dr, Charleston, IL, 61920 uses $82,873 cash to close to unlock $1,627/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $1,870/mo, and a $1,224/mo payment keeps the spread at $136/mo. Purchase price stands at $249,995, and rental yield measures 8.98% with $1,870/mo rent. Return on cash invested shows 21.87% in year one, and 5% annual appreciation builds toward $69,069 over five years. Five-year ROI reaches 114.36% and total cumulative return in cash records $94,772. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,870/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61920, Charleston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,918 (100%) |
| Owner Occupied HU | 4,689 (47.3%) |
| Renter Occupied HU | 3,790 (38.2%) |
| Vacant Housing Units | 1,439 (14.5%) |
| Median Home Value | $156,599 |
| Average Home Value | $197,069 |
Housing Distribution
Address Breakdown
Residential
9,340
Single Family
7,831
Multi-Family
1,509
Businesses
683
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Henry B Torn • ListWithFreedom.com
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12544816