101 W South StNokomisIL62075
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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 Nokomis at 101 W South St, Nokomis, IL, 62075 priced at $136,900 converts $0/mo rent into after a $670/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.2% in year one, and rental yield reads 0% against a $136,900 entry. Equity gained on principal adds $883/yr, while 5% annual appreciation compiles into $37,823 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $670/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,120 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62075, Nokomis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,518 (100%) |
| Owner Occupied HU | 1,085 (71.5%) |
| Renter Occupied HU | 245 (16.1%) |
| Vacant Housing Units | 188 (12.4%) |
| Median Home Value | $120,682 |
| Average Home Value | $184,005 |
Housing Distribution
Address Breakdown
Residential
1,386
Single Family
1,365
Multi-Family
21
Businesses
111
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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