904 Mallard WayWashingtonIL61571
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 Washington at 904 Mallard Way, Washington, IL, 61571 priced at $215,000 pairs $1,898/mo rent with $257/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,898/mo, and annual cash flow comes to $3,084/yr on $71,273 invested. Return on cash invested is 24.24% in year one, and rental yield stands at 10.59% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 128% and total cumulative return in cash reaches $91,225. For financing, Ziffy Mortgage’s DSCR program evaluates $1,898/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61571, Washington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,342 (100%) |
| Owner Occupied HU | 7,655 (74.0%) |
| Renter Occupied HU | 2,036 (19.7%) |
| Vacant Housing Units | 651 ( 6.3%) |
| Median Home Value | $232,683 |
| Average Home Value | $263,343 |
Housing Distribution
Address Breakdown
Residential
10,233
Single Family
9,440
Multi-Family
793
Businesses
536
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Vreeland • Signature Heights Realty, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257621
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.