1509 E 4th StSummerfieldIL62289
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 Summerfield at 1509 E 4th St, Summerfield, IL, 62289 listed at $120,000 pairs $954/mo rent with a $587/mo payment to leave $122/mo cash flow. Total monthly income runs $954/mo, and annual cash flow reaches $1,464/yr on $39,780 cash to close. Return on cash invested measures 23.59% in year one, and rental yield registers 9.54% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 123.55% and total cumulative return in cash totals $49,147. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $954/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62289, Summerfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 187 (100%) |
| Owner Occupied HU | 136 (72.7%) |
| Renter Occupied HU | 31 (16.6%) |
| Vacant Housing Units | 20 (10.7%) |
| Median Home Value | $234,211 |
| Average Home Value | $242,040 |
Housing Distribution
Address Breakdown
Residential
3
Single Family
3
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy C Rice • OZMENT REAL ESTATE
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458599
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.