129 S Ring StVirdenIL62690
Nearby investment properties with comparable rents
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 Virden at 129 S Ring St, Virden, IL, 62690 offers $907/mo rent that, after a $563/mo payment, leaves $109/mo cash flow. Total monthly income is $907/mo, and annual cash flow is $1,310/yr on $38,123 cash. Return on cash invested measures 23.35% in year one, and rental yield stands at 9.46% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 122.41% and total cumulative return in cash reaches $46,665. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $907/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62690, Virden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,210 (65.2%) |
| Renter Occupied HU | 423 (22.8%) |
| Vacant Housing Units | 223 (12.0%) |
| Median Home Value | $114,819 |
| Average Home Value | $148,977 |
Housing Distribution
Address Breakdown
Residential
1,674
Single Family
1,656
Multi-Family
18
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Logan Frazier • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037355
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.