115 W 4th StSpartaIL62286
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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 Sparta at 115 W 4th St, Sparta, IL, 62286 generates $660/mo in rent, after a $759/mo payment. Total monthly income is $660/mo. Return on cash invested sits at 10.21% in year one, and rental yield is 5.11% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 51.83% and total cumulative return in cash sums $26,632. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $660/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62286, Sparta, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,840 (100%) |
| Owner Occupied HU | 1,735 (61.1%) |
| Renter Occupied HU | 676 (23.8%) |
| Vacant Housing Units | 429 (15.1%) |
| Median Home Value | $145,807 |
| Average Home Value | $178,012 |
Housing Distribution
Address Breakdown
Residential
2,512
Single Family
2,427
Multi-Family
85
Businesses
289
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