107 S Hickory StSmithtonIL62285
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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 Smithton at 107 S Hickory St, Smithton, IL, 62285 generates $1,182/mo in rent and, after a $819/mo payment, leaves $21/mo in cash flow. Total monthly income is $1,182/mo, and annual cash flow is $255/yr on $55,493 invested. Return on cash invested sits at 20.37% in year one, and rental yield is 8.47% on a $167,400 entry. Equity gained on principal adds $1,080/yr, while 5% annual appreciation builds toward $46,250 over five years. Five-year ROI reaches 106.34% and total cumulative return in cash sums $59,013. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,182/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62285, Smithton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,836 (100%) |
| Owner Occupied HU | 1,625 (88.5%) |
| Renter Occupied HU | 131 ( 7.1%) |
| Vacant Housing Units | 80 ( 4.4%) |
| Median Home Value | $281,330 |
| Average Home Value | $305,514 |
Housing Distribution
Address Breakdown
Residential
1,734
Single Family
1,734
Multi-Family
0
Businesses
99
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Listed by: Tammy A Hines • Tammy Mitchell Hines & Co.
Mls Name: MARIS
Mls Provider:
Mls ID: #24076283
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