Corner Of #1850West SalemIL62476
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 West Salem at Corner Of #1850, West Salem, IL, 62476 offers a 8.54% rental yield on a $209,000 purchase with $1,487/mo rent. Total monthly income registers $1,487/mo, and a $1,023/mo payment leaves $37/mo available for distribution. Annual cash flow reaches $447/yr on $69,284 to close, and return on cash invested stands at 20.55% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 107.34% and total cumulative return in cash at $74,366. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,487/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62476, West Salem, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 731 (100%) |
| Owner Occupied HU | 551 (75.4%) |
| Renter Occupied HU | 84 (11.5%) |
| Vacant Housing Units | 96 (13.1%) |
| Median Home Value | $123,026 |
| Average Home Value | $166,066 |
Housing Distribution
Address Breakdown
Residential
686
Single Family
686
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ethan Keyser • Keys Real Estate
Mls Name: NY State MLS
Mls ID: #11400471