10 Melody LnTroyIL62294
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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 Troy at 10 Melody Ln, Troy, IL, 62294 offers $2,392/mo rent that, after a $1,640/mo payment, leaves $68/mo cash flow. Total monthly income is $2,392/mo, and annual cash flow is $816/yr on $111,053 cash. Return on cash invested measures 20.64% in year one, and rental yield stands at 8.57% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 107.81% and total cumulative return in cash reaches $119,720. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,392/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62294, Troy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,266 (100%) |
| Owner Occupied HU | 4,801 (76.6%) |
| Renter Occupied HU | 1,178 (18.8%) |
| Vacant Housing Units | 287 ( 4.6%) |
| Median Home Value | $288,039 |
| Average Home Value | $330,237 |
Housing Distribution
Address Breakdown
Residential
6,258
Single Family
6,098
Multi-Family
160
Businesses
360
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