1449 N Sparta StSteelevilleIL62288
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
Investment property for sale in Steeleville at 1449 N Sparta St, Steeleville, IL, 62288 earns from $1,712/mo rent with a $1,561/mo payment. Total monthly income totals $1,712/mo. ROI tracks 14.23% on current figures, and rental yield reads 6.44% at a $319,000 purchase. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 over five years. Five-year ROI reaches 73.39% and total cumulative return in cash sums $77,605. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,712/mo property income instead of your personal income.
Single Family
Built in 1979
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62288, Steeleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,381 (100%) |
| Owner Occupied HU | 979 (70.9%) |
| Renter Occupied HU | 245 (17.7%) |
| Vacant Housing Units | 157 (11.4%) |
| Median Home Value | $198,818 |
| Average Home Value | $272,306 |
Housing Distribution
Address Breakdown
Residential
1,230
Single Family
1,219
Multi-Family
11
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica M Mettler • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls Provider:
Mls ID: #24040812
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. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_197)