116 W Strain StSullivanIL61951
Nearby investment properties with comparable rents
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 Sullivan at 116 W Strain St, Sullivan, IL, 61951 generates $702/mo in rent, after a $575/mo payment. Total monthly income is $702/mo. Return on cash invested sits at 14.71% in year one, and rental yield is 7.17% on a $117,500 entry. Equity gained on principal adds $758/yr, while 5% annual appreciation builds toward $32,463 over five years. Five-year ROI reaches 76.69% and total cumulative return in cash sums $29,870. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $702/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61951, Sullivan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,381 (100%) |
| Owner Occupied HU | 2,315 (68.5%) |
| Renter Occupied HU | 783 (23.2%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $145,991 |
| Average Home Value | $206,197 |
Housing Distribution
Address Breakdown
Residential
3,304
Single Family
3,220
Multi-Family
84
Businesses
310
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
