121 N Broad StLoraineIL62349
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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 Loraine at 121 N Broad St, Loraine, IL, 62349 offers a 11.5% rental yield on a $140,000 purchase with $1,342/mo rent. Total monthly income registers $1,342/mo, and a $685/mo payment leaves $371/mo available for distribution. Annual cash flow reaches $4,454/yr on $46,410 to close, and return on cash invested stands at 29.51% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 155.39% and total cumulative return in cash at $72,118. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,342/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62349, Loraine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 286 (100%) |
| Owner Occupied HU | 211 (73.8%) |
| Renter Occupied HU | 41 (14.3%) |
| Vacant Housing Units | 34 (11.9%) |
| Median Home Value | $181,731 |
| Average Home Value | $196,955 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
240
Multi-Family
0
Businesses
10
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