103 S Henderson StVirdenIL62690
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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 Virden at 103 S Henderson St, Virden, IL, 62690 priced at $164,900 converts $1,257/mo rent into $113/mo cash flow after a $807/mo obligation. Total monthly income equals $1,257/mo, and annual cash flow totals $1,360/yr on $54,664 invested. Return on cash invested prints 22.4% in year one, and rental yield reads 9.15% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 117.23% and total cumulative return in cash sums $64,084. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,257/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in N/A
10,821 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62690, Virden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,210 (65.2%) |
| Renter Occupied HU | 423 (22.8%) |
| Vacant Housing Units | 223 (12.0%) |
| Median Home Value | $114,819 |
| Average Home Value | $148,977 |
Housing Distribution
Address Breakdown
Residential
1,674
Single Family
1,656
Multi-Family
18
Businesses
143
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