1508 State Route 140SmithboroIL62284
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 Smithboro at 1508 State Route 140, Smithboro, IL, 62284 offers a 0% rental yield on a $985,000 purchase with $0/mo rent. 24% in year one. Equity gained on principal adds $6,356/yr while 5% annual appreciation supports $272,137 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $4,821/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62284, Smithboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 207 (100%) |
| Owner Occupied HU | 140 (67.6%) |
| Renter Occupied HU | 45 (21.7%) |
| Vacant Housing Units | 22 (10.6%) |
| Median Home Value | $225,000 |
| Average Home Value | $244,357 |
Housing Distribution
Address Breakdown
Residential
198
Single Family
198
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Mark Harman • Tarrant And Harman Real Estate
Mls Name: MARIS
Mls Provider:
Mls ID: #25020587
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](/mls-disclaimers/#197)