1011 W North 3rd StShelbyvilleIL62565
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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
Investment property for sale in Shelbyville at 1011 W North 3rd St, Shelbyville, IL, 62565 listed at $262,000 pairs $3,146/mo rent with a $1,282/mo payment to leave $1,226/mo cash flow. Total monthly income runs $3,146/mo, and annual cash flow reaches $14,707/yr on $86,853 cash to close. Return on cash invested measures 36.84% in year one, and rental yield registers 14.41% at a $262,000 basis. Equity gained on principal adds $1,691/yr, and annual property appreciation at 5% supports $72,386 by year five. Five-year ROI tracks 195.15% and total cumulative return in cash totals $169,497. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,146/mo property income relative to a $1,282/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62565, Shelbyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,421 (66.5%) |
| Renter Occupied HU | 797 (21.9%) |
| Vacant Housing Units | 422 (11.6%) |
| Median Home Value | $172,283 |
| Average Home Value | $222,582 |
Housing Distribution
Address Breakdown
Residential
3,282
Single Family
3,187
Multi-Family
95
Businesses
314
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Listed by: Glenda Sphar • Glenda Sphar Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #6251788
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.