1108 Collins DrEffinghamIL62401
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 Effingham at 1108 Collins Dr, Effingham, IL, 62401 generates $2,135/mo in rent and, after a $1,224/mo payment, leaves $401/mo in cash flow. Total monthly income is $2,135/mo, and annual cash flow is $4,807/yr on $82,875 invested. Return on cash invested sits at 25.71% in year one, and rental yield is 10.25% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 134.95% and total cumulative return in cash sums $111,838. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,135/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62401, Effingham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 6,146 (66.8%) |
| Renter Occupied HU | 2,299 (25.0%) |
| Vacant Housing Units | 757 ( 8.2%) |
| Median Home Value | $210,470 |
| Average Home Value | $274,778 |
Housing Distribution
Address Breakdown
Residential
8,722
Single Family
8,101
Multi-Family
621
Businesses
1,297
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
