1417 S ShoresSullivanIL61951
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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 Sullivan at 1417 S Shores, Sullivan, IL, 61951 uses $43,095 cash to close to unlock $7,411/yr annual cash flow and $618/mo monthly cash flow. Total monthly income runs $1,519/mo, and a $636/mo payment keeps the spread at $618/mo. Purchase price stands at $130,000, and rental yield measures 14.02% with $1,519/mo rent. Return on cash invested shows 37.11% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 196.07% and total cumulative return in cash records $84,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,519/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1981
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61951, Sullivan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,381 (100%) |
| Owner Occupied HU | 2,315 (68.5%) |
| Renter Occupied HU | 783 (23.2%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $145,991 |
| Average Home Value | $206,197 |
Housing Distribution
Address Breakdown
Residential
3,304
Single Family
3,220
Multi-Family
84
Businesses
310
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