1113 Cherry Point StParisIL61944
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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 Paris at 1113 Cherry Point St, Paris, IL, 61944 priced at $162,475 pairs $1,579/mo rent with $452/mo cash flow after a $795/mo payment. Total monthly income equals $1,579/mo, and annual cash flow comes to $5,427/yr on $53,860 invested. Return on cash invested is 29.99% in year one, and rental yield stands at 11.66% on a $162,475 basis. Equity gained on principal adds $1,048/yr, and 5% annual appreciation accumulates to $44,889 by year five. Five-year ROI measures 157.92% and total cumulative return in cash reaches $85,055. For financing, Ziffy Mortgage’s DSCR program evaluates $1,579/mo property income against a $795/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61944, Paris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,807 (100%) |
| Owner Occupied HU | 3,581 (61.7%) |
| Renter Occupied HU | 1,458 (25.1%) |
| Vacant Housing Units | 768 (13.2%) |
| Median Home Value | $108,259 |
| Average Home Value | $141,269 |
Housing Distribution
Address Breakdown
Residential
5,242
Single Family
5,151
Multi-Family
91
Businesses
440
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