1241 Gracie LnShermanIL62684
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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 Sherman at 1241 Gracie Ln, Sherman, IL, 62684 uses $179,305 cash to close to unlock $31,781/yr annual cash flow and $2,648/mo monthly cash flow. Total monthly income runs $6,564/mo, and a $2,668/mo payment keeps the spread at $2,648/mo. Purchase price stands at $545,000, and rental yield measures 14.45% with $6,564/mo rent. Return on cash invested shows 37.78% in year one, and 5% annual appreciation builds toward $150,573 over five years. Five-year ROI reaches 200% and total cumulative return in cash records $358,608. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,564/mo property income covering a $2,668/mo payment rather than investor’s personal income.
Single Family
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62684, Sherman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,745 (86.0%) |
| Renter Occupied HU | 195 ( 9.6%) |
| Vacant Housing Units | 90 ( 4.4%) |
| Median Home Value | $308,183 |
| Average Home Value | $349,736 |
Housing Distribution
Address Breakdown
Residential
2,080
Single Family
2,080
Multi-Family
0
Businesses
109
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Listed by: Jami R Winchester • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035605
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.