1416 Berwick RdBerwickIL61417
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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
Rental property for sale in Berwick at 1416 Berwick Rd, Berwick, IL, 61417 generates $1,424/mo in rent, after a $1,468/mo payment. Total monthly income is $1,424/mo. Return on cash invested sits at 11.99% in year one, and rental yield is 5.7% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 61.35% and total cumulative return in cash sums $60,988. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,424/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61417, Berwick, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 125 (100%) |
| Owner Occupied HU | 97 (77.6%) |
| Renter Occupied HU | 8 ( 6.4%) |
| Vacant Housing Units | 20 (16.0%) |
| Median Home Value | $170,192 |
| Average Home Value | $345,851 |
Housing Distribution
Address Breakdown
Residential
97
Single Family
97
Multi-Family
0
Businesses
2
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Listed by: LeAnne McKee • Western Illinois Realty LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1033803
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.