906 Jefferson St · Bridgeport, IL 62417

$21,900

4 bd · 1.0 ba · 1,127 sqft · SingleFamily public records · 17 Days on market

Built 1920 0.37 ac lot

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +3.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks

Bungalow style home with 4 bedrooms and 1 bathroom, living room, dining room and kitchen. A pole barn is located behind the home and large open lot to the right of the home.

Key facts

• Pole barn
• Large open lot
• Bungalow style home

Tags

• BUNGALOW STYLE HOME
• POLE BARN
• LARGE OPEN LOT

Property features AI

Finance

• Financial info: Annual tax amount reported

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Site-built home; One story
• Construction: Vinyl siding
• Exterior features: Corner lot

Interior

• Bedrooms: Total of 7 rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; No cooling system
• Interior features: Crawl space basement
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $22k.

Deal economics

• At list price, monthly cash flow is $646 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $22k).
• Recommended offer: $22k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#682 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A, housing A-; Watch: amenities F, commute F, health & safety D-.
• Red Hill CUSD 10 (town): math 17% / reading 38% proficiency, ranked #294 of 620 in IL (top 47%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Bridgeport Grade School (math 37% / reading 47%, grade F, #336 of 2,056 statewide, top 18%, 363 students, 0% FRL); Red Hill Jr/Sr High School (math 12% / reading 27%, grade F, #397 of 693 statewide, top 61%, 366 students, 0% FRL) — zoned schools average 0% FRL vs 43% district-wide (43 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 4 active listings in the ZIP; 64 units permitted in Lawrence County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.3%/yr); year-one equity from $151 of loan paydown is wiped out by about $498 of value loss. Plan a longer hold.
• Lawrence County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-2.3% appreciation + 3.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($22k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.6% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $21,571 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 4.83% ✓
• Cap rate: 41.67%
• Cash-on-cash: 126.35%
• DSCR: 6.62
• GRM: 1.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.27% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.24×
• Total profit: $38,286
• Equity at exit: $3,981

10-year hold

• IRR: —
• Equity multiple: 15.19×
• Total profit: $87,043
• Equity at exit: $3,146

Cash invested: $6,132 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 62417

• Home prices YoY: -2.0%
• Active inventory: 4
• Price-to-rent: 1.7×

Monthly cashflow live

• Estimated rent: $1,058 medium
• Mortgage (P&I): −$115
• Tax from tax record: −$66 /mo · $797/yr
• Insurance: −$9
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $646

Break-even live

Break-even rent $241

Max offer price $21,900

Occupancy floor 34%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $5,475
• Closing costs: $657
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-18
   days on market $21,900 Active 17 DOM
2. 2026-06-17
   days on market $21,900 Active 16 DOM
3. 2026-06-16
   days on market $21,900 Active 15 DOM
4. 2026-06-15
   days on market $21,900 Active 14 DOM
5. 2026-06-13
   days on market $21,900 Active 12 DOM
6. 2026-06-12
   days on market $21,900 Active 11 DOM
7. 2026-06-09
   days on market $21,900 Active 8 DOM
8. 2026-06-08
   days on market $21,900 Active 7 DOM
9. 2026-06-07
   days on market $21,900 Active 6 DOM
10. 2026-06-05
    days on market $21,900 Active 4 DOM
11. 2026-06-04
    days on market $21,900 Active 2 DOM
12. 2026-06-01
    remarks 173-char remark
13. 2026-06-01
    listed $21,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $797 · $66/mo
• Projected year-2 tax: $797 · $66/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,699
• − Mortgage interest: −$1,227
• − Property taxes: −$797
• − Insurance: −$110
• − Repairs & maintenance: −$1,016
• − Management: −$1,016
• − Depreciation: −$637
• Taxable income: $7,897
• Est. tax owed @ 24.0%: −$1,895
• After-tax cash flow: $5,853/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Red Hill CUSD 10
• NCES district ID: 1722130
• Math proficiency: 17% ▼ -9.00%
• Reading proficiency: 38% ▼ -7.00%
• Median HH income: $41,821
• Composite: 23.27/100
• National rank: #7929
• State rank: #294 of 620 in IL

Livability — Bridgeport

• Score: 64/100
• State rank: #682
• US rank: #13956

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment C+ Housing A- Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, IL
• City population: 2,653
• Population (ZIP): 2,653

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 15,664 people
• By 2030: 15,378 · -1.8%
• By 2040: 14,897 · -4.9%
• By 2050: 14,267 · -8.9%
• By 2075: 12,048 · -23.1%
• By 2100: 9,538 · -39.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 3% Black 3%
• Common ancestry: Lithuanian 1% Romanian 1%
• Foreign-born: 0%
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+56.2) · D 21.0% · R 77.3% · Other 1.7%
• 2008→2024 swing: -50.3pp toward R · 2008: -5.9pp · 2024: -56.2pp
• All cycles: 2024: R+56.2 2020: R+54.0 2016: R+53.5 2012: R+30.8 2008: R+5.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.27%
• Current HPI: 110.7865
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

1 event — show timeline

• 2026-06-01 Listed $21,900 IRMLS

Property tax history

+19.7%/yr

Latest (2024): $797 · +765.8% YoY. Source: county tax records.