1302 Oak StOlneyIL62450
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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 Olney at 1302 Oak St, Olney, IL, 62450 priced at $175,000 converts $2,316/mo rent into $1,102/mo cash flow after a $857/mo obligation. Total monthly income equals $2,316/mo, and annual cash flow totals $13,220/yr on $58,013 invested. Return on cash invested prints 42.7% in year one, and rental yield reads 15.88% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 226.06% and total cumulative return in cash sums $131,143. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,316/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62450, Olney, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,685 (100%) |
| Owner Occupied HU | 3,543 (62.3%) |
| Renter Occupied HU | 1,489 (26.2%) |
| Vacant Housing Units | 653 (11.5%) |
| Median Home Value | $140,262 |
| Average Home Value | $187,316 |
Housing Distribution
Address Breakdown
Residential
5,301
Single Family
5,087
Multi-Family
214
Businesses
558
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