116 S Harris StAuburnIL62615
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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 Auburn at 116 S Harris St, Auburn, IL, 62615 priced at $164,500 pairs $1,309/mo rent with $168/mo cash flow after a $805/mo payment. Total monthly income equals $1,309/mo, and annual cash flow comes to $2,018/yr on $54,532 invested. Return on cash invested is 23.61% in year one, and rental yield stands at 9.55% on a $164,500 basis. Equity gained on principal adds $1,061/yr, and 5% annual appreciation accumulates to $45,448 by year five. Five-year ROI measures 123.73% and total cumulative return in cash reaches $67,474. For financing, Ziffy Mortgage’s DSCR program evaluates $1,309/mo property income against a $805/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1942
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62615, Auburn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,238 (100%) |
| Owner Occupied HU | 1,641 (73.3%) |
| Renter Occupied HU | 439 (19.6%) |
| Vacant Housing Units | 158 ( 7.1%) |
| Median Home Value | $227,596 |
| Average Home Value | $261,645 |
Housing Distribution
Address Breakdown
Residential
2,121
Single Family
2,081
Multi-Family
40
Businesses
128
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