114 E State Route 116 StBensonIL61516
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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
Investment property for sale in Benson at 114 E State Route 116 St, Benson, IL, 61516 offers a 0% rental yield on a $123,000 purchase with $0/mo rent. 2% in year one. Equity gained on principal adds $794/yr while 5% annual appreciation supports $33,983 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $602/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
10,800 sqft 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
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No similar rental properties found nearby.
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Listed by: Jacqui Miller • Keller Williams Revolution
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12368604
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)