107 N Howard StRoanokeIL61561
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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 Roanoke at 107 N Howard St, Roanoke, IL, 61561 uses $48,034 cash to close to unlock $1,548/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $1,151/mo, and a $709/mo payment keeps the spread at $129/mo. Purchase price stands at $144,900, and rental yield measures 9.53% with $1,151/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 121.36% and total cumulative return in cash records $58,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,151/mo property income covering a $709/mo payment rather than investor’s personal income.
Single Family
Built in 1965
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61561, Roanoke, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 918 (79.3%) |
| Renter Occupied HU | 154 (13.3%) |
| Vacant Housing Units | 85 ( 7.3%) |
| Median Home Value | $180,914 |
| Average Home Value | $228,608 |
Housing Distribution
Address Breakdown
Residential
734
Single Family
734
Multi-Family
0
Businesses
74
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Listed by: Emily Jones • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1255725
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.