116 Main StLernaIL62440
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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 Lerna at 116 Main St, Lerna, IL, 62440 with 5% annual appreciation on a $107,500 basis while $0/mo rent supports operations. 19% in year one. Equity gained on principal adds $694/yr, and five-year appreciation sums $29,700 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $526/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1907
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62440, Lerna, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 609 (100%) |
| Owner Occupied HU | 480 (78.8%) |
| Renter Occupied HU | 59 ( 9.7%) |
| Vacant Housing Units | 70 (11.5%) |
| Median Home Value | $241,667 |
| Average Home Value | $237,807 |
Housing Distribution
Address Breakdown
Residential
420
Single Family
420
Multi-Family
0
Businesses
29
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