107 N Main StChanaIL61015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chana at 107 N Main St, Chana, IL, 61015 offers $836/mo rent that, after a $523/mo payment, leaves $95/mo cash flow. Total monthly income is $836/mo, and annual cash flow is $1,137/yr on $35,437 cash. Return on cash invested measures 23.12% in year one, and rental yield stands at 9.38% at a $106,900 entry. Equity gained on principal adds $690/yr while 5% annual appreciation compounds into $29,535 by year five. Five-year ROI records 121.05% and total cumulative return in cash reaches $42,898. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $836/mo property income versus a $523/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61015, Chana, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 430 (100%) |
| Owner Occupied HU | 359 (83.5%) |
| Renter Occupied HU | 48 (11.2%) |
| Vacant Housing Units | 23 ( 5.3%) |
| Median Home Value | $291,327 |
| Average Home Value | $344,464 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
330
Multi-Family
0
Businesses
10
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Listed by: Thomas Holder • Black Castle Properties
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500388
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.