1513 N State Highway 96HamiltonIL62341
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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
Rental property for sale in Hamilton at 1513 N State Highway 96, Hamilton, IL, 62341 generates $630/mo in rent, after a $1,899/mo payment. Total monthly income is $630/mo. Return on cash invested sits at 0.68% in year one, and rental yield is 1.95% on a $388,000 entry. Equity gained on principal adds $2,504/yr, while 5% annual appreciation builds toward $107,197 over five years. Five-year ROI reaches 0.69% and total cumulative return in cash sums $892. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $630/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
4.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62341, Hamilton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,597 (100%) |
| Owner Occupied HU | 1,155 (72.3%) |
| Renter Occupied HU | 275 (17.2%) |
| Vacant Housing Units | 167 (10.5%) |
| Median Home Value | $121,282 |
| Average Home Value | $154,574 |
Housing Distribution
Address Breakdown
Residential
1,480
Single Family
1,471
Multi-Family
9
Businesses
109
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