1223 County Highway 29RinardIL62878
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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 Rinard at 1223 County Highway 29, Rinard, IL, 62878 uses $58,013 cash to close to unlock $10,472/yr annual cash flow and $873/mo monthly cash flow. Total monthly income runs $2,087/mo, and a $857/mo payment keeps the spread at $873/mo. Purchase price stands at $175,000, and rental yield measures 14.31% with $2,087/mo rent. Return on cash invested shows 37.96% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 200.66% and total cumulative return in cash records $116,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,087/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in N/A
24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62878, Rinard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 172 (100%) |
| Owner Occupied HU | 137 (79.7%) |
| Renter Occupied HU | 14 ( 8.1%) |
| Vacant Housing Units | 21 (12.2%) |
| Median Home Value | $183,929 |
| Average Home Value | $229,179 |
Housing Distribution
Address Breakdown
Residential
156
Single Family
156
Multi-Family
0
Businesses
4
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