1617 300th StSherrardIL61281
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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 Sherrard at 1617 300th St, Sherrard, IL, 61281 uses $138,899 cash to close to unlock $5,238/yr annual cash flow and $437/mo monthly cash flow. Total monthly income runs $3,343/mo, and a $2,051/mo payment keeps the spread at $437/mo. Purchase price stands at $419,000, and rental yield measures 9.57% with $3,343/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 124.05% and total cumulative return in cash records $172,301. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,343/mo property income covering a $2,051/mo payment rather than investor’s personal income.
Single Family
Built in 1995
15.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61281, Sherrard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,144 (100%) |
| Owner Occupied HU | 951 (83.1%) |
| Renter Occupied HU | 98 ( 8.6%) |
| Vacant Housing Units | 95 ( 8.3%) |
| Median Home Value | $222,949 |
| Average Home Value | $233,906 |
Housing Distribution
Address Breakdown
Residential
908
Single Family
908
Multi-Family
0
Businesses
38
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