13603 E State Route 116London MillsIL61544
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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 London Mills at 13603 E State Route 116, London Mills, IL, 61544 earns from $0/mo rent with a $1,561/mo payment. Total monthly income totals $0/mo. ROI tracks -5.2% on current figures, and rental yield reads 0% at a $319,000 purchase. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 2018
2.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61544, London Mills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 321 (100%) |
| Owner Occupied HU | 234 (72.9%) |
| Renter Occupied HU | 41 (12.8%) |
| Vacant Housing Units | 46 (14.3%) |
| Median Home Value | $108,824 |
| Average Home Value | $158,675 |
Housing Distribution
Address Breakdown
Residential
185
Single Family
185
Multi-Family
0
Businesses
10
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No similar rental properties found nearby.
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Listed by: Jill Barclay • eXp Realty
Mls Name: RMLS Alliance
Mls ID: #PA1260816