111 N Reiter StBensonIL61516
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 111 N Reiter St, Benson, IL, 61516 in Benson the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $149,500 price is below income-first thresholds, but 5%/yr value growth projects $41,304 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.2% |
| Monthly Cash Flow | $0 | $350 |
City averages based on Benson market data in our database. Property projections are estimates.
Single Family
Built in 1870
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61516, Benson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 250 (79.9%) |
| Renter Occupied HU | 38 (12.1%) |
| Vacant Housing Units | 25 ( 8.0%) |
| Median Home Value | $145,313 |
| Average Home Value | $173,410 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 1870
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61516, Benson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 250 (79.9%) |
| Renter Occupied HU | 38 (12.1%) |
| Vacant Housing Units | 25 ( 8.0%) |
| Median Home Value | $145,313 |
| Average Home Value | $173,410 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices