1491 State Route 116RoanokeIL61561
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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 Roanoke at 1491 State Route 116, Roanoke, IL, 61561 offers a 13.76% rental yield on a $427,000 purchase with $4,897/mo rent. Total monthly income registers $4,897/mo, and a $2,090/mo payment leaves $1,935/mo available for distribution. Annual cash flow reaches $23,222/yr on $141,551 to close, and return on cash invested stands at 36.31% in year one. Equity gained on principal adds $2,755/yr while 5% annual appreciation supports $117,972 over five years. Portfolio math shows five-year ROI at 191.81% and total cumulative return in cash at $271,509. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,897/mo property income against a $2,090/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61561, Roanoke, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 918 (79.3%) |
| Renter Occupied HU | 154 (13.3%) |
| Vacant Housing Units | 85 ( 7.3%) |
| Median Home Value | $180,914 |
| Average Home Value | $228,608 |
Housing Distribution
Address Breakdown
Residential
734
Single Family
734
Multi-Family
0
Businesses
74
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Listed by: Mary A Biros • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1252345
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.