108 E Cleveland AveHeyworthIL61745
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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 Heyworth at 108 E Cleveland Ave, Heyworth, IL, 61745 generates $720/mo in rent, after a $636/mo payment. Total monthly income is $720/mo. Return on cash invested sits at 14.86% in year one, and rental yield is 6.65% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 76.73% and total cumulative return in cash sums $33,043. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $720/mo property income rather than buyer’s personal income.
Single Family
Built in 1879
10,150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61745, Heyworth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,673 (100%) |
| Owner Occupied HU | 1,376 (82.2%) |
| Renter Occupied HU | 221 (13.2%) |
| Vacant Housing Units | 76 ( 4.5%) |
| Median Home Value | $247,541 |
| Average Home Value | $289,935 |
Housing Distribution
Address Breakdown
Residential
1,572
Single Family
1,572
Multi-Family
0
Businesses
71
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