1032 N Main StEffinghamIL62401
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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 Effingham at 1032 N Main St, Effingham, IL, 62401 priced at $355,000 converts $1,080/mo rent into after a $1,738/mo obligation. Total monthly income equals $1,080/mo. Return on cash invested prints 5.81% in year one, and rental yield reads 3.65% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 28.23% and total cumulative return in cash sums $33,228. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1974
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62401, Effingham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 6,146 (66.8%) |
| Renter Occupied HU | 2,299 (25.0%) |
| Vacant Housing Units | 757 ( 8.2%) |
| Median Home Value | $210,470 |
| Average Home Value | $274,778 |
Housing Distribution
Address Breakdown
Residential
8,722
Single Family
8,101
Multi-Family
621
Businesses
1,297
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