127 W Homer AveHarrisburgIL62946
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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 Harrisburg at 127 W Homer Ave, Harrisburg, IL, 62946 offers $905/mo rent that, after a $558/mo payment, leaves $114/mo cash flow. Total monthly income is $905/mo, and annual cash flow is $1,371/yr on $37,791 cash. Return on cash invested measures 23.54% in year one, and rental yield stands at 9.53% at a $114,000 entry. Equity gained on principal adds $736/yr while 5% annual appreciation compounds into $31,496 by year five. Five-year ROI records 123.38% and total cumulative return in cash reaches $46,627. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $905/mo property income versus a $558/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62946, Harrisburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,954 (100%) |
| Owner Occupied HU | 3,629 (61.0%) |
| Renter Occupied HU | 1,463 (24.6%) |
| Vacant Housing Units | 862 (14.5%) |
| Median Home Value | $126,021 |
| Average Home Value | $149,213 |
Housing Distribution
Address Breakdown
Residential
5,385
Single Family
5,143
Multi-Family
242
Businesses
575
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Listed by: VICKIE C MILSTEAD • OZMENT REAL ESTATE
Mls Name: RMLS Alliance
Mls ID: #EB460650