118 N West StDanversIL61732
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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 Danvers at 118 N West St, Danvers, IL, 61732 generates $1,440/mo in rent, after a $1,028/mo payment. Total monthly income is $1,440/mo. Return on cash invested sits at 19.62% in year one, and rental yield is 8.23% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 102.33% and total cumulative return in cash sums $71,236. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61732, Danvers, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 834 (100%) |
| Owner Occupied HU | 691 (82.9%) |
| Renter Occupied HU | 109 (13.1%) |
| Vacant Housing Units | 34 ( 4.1%) |
| Median Home Value | $282,447 |
| Average Home Value | $284,012 |
Housing Distribution
Address Breakdown
Residential
574
Single Family
554
Multi-Family
20
Businesses
28
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