101 W Perkins StPaysonIL62360
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 Payson at 101 W Perkins St, Payson, IL, 62360 priced at $179,500 converts $1,402/mo rent into $157/mo cash flow after a $879/mo obligation. Total monthly income equals $1,402/mo, and annual cash flow totals $1,878/yr on $59,504 invested. Return on cash invested prints 23.07% in year one, and rental yield reads 9.37% against a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation compiles into $49,593 by year five. Five-year ROI reaches 120.78% and total cumulative return in cash sums $71,872. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,402/mo property income covering a $879/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62360, Payson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 722 (100%) |
| Owner Occupied HU | 546 (75.6%) |
| Renter Occupied HU | 118 (16.3%) |
| Vacant Housing Units | 58 ( 8.0%) |
| Median Home Value | $160,776 |
| Average Home Value | $198,498 |
Housing Distribution
Address Breakdown
Residential
577
Single Family
577
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shiana Dolbeare • Farlow Real Estate Experts
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1033594
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.