107 N Ellen StHomerIL61849
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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 Homer at 107 N Ellen St, Homer, IL, 61849 generates $1,563/mo in rent and, after a $585/mo payment, leaves $734/mo in cash flow. Total monthly income is $1,563/mo, and annual cash flow is $8,808/yr on $39,614 invested. Return on cash invested sits at 42.14% in year one, and rental yield is 15.7% on a $119,500 entry. Equity gained on principal adds $771/yr, while 5% annual appreciation builds toward $33,016 over five years. Five-year ROI reaches 223.21% and total cumulative return in cash sums $88,422. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,563/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61849, Homer, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 805 (100%) |
| Owner Occupied HU | 643 (79.9%) |
| Renter Occupied HU | 104 (12.9%) |
| Vacant Housing Units | 58 ( 7.2%) |
| Median Home Value | $235,870 |
| Average Home Value | $254,393 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
54
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