1001 S 14th StHerrinIL62948
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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 Herrin at 1001 S 14th St, Herrin, IL, 62948 generates $1,076/mo in rent and, after a $685/mo payment, leaves $105/mo in cash flow. Total monthly income is $1,076/mo, and annual cash flow is $1,262/yr on $46,410 invested. Return on cash invested sits at 22.63% in year one, and rental yield is 9.22% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 118.52% and total cumulative return in cash sums $55,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,076/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
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Listed by: Brittany Morgan • House 2 Home Realty Marion
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261605
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.