102 W Water StLitchfieldIL62056
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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 Litchfield at 102 W Water St, Litchfield, IL, 62056 generates $1,313/mo in rent, after a $1,076/mo payment. Total monthly income is $1,313/mo. Return on cash invested sits at 16.42% in year one, and rental yield is 7.17% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 85.19% and total cumulative return in cash sums $62,104. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,313/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62056, Litchfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,979 (100%) |
| Owner Occupied HU | 2,573 (64.7%) |
| Renter Occupied HU | 960 (24.1%) |
| Vacant Housing Units | 446 (11.2%) |
| Median Home Value | $130,117 |
| Average Home Value | $191,364 |
Housing Distribution
Address Breakdown
Residential
3,757
Single Family
3,582
Multi-Family
175
Businesses
421
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Listed by: Mike Mihelcic • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25081876