16425 N Krause RdChillicotheIL61523
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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 Chillicothe at 16425 N Krause Rd, Chillicothe, IL, 61523 uses $137,573 cash to close to unlock $1,160/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $2,975/mo, and a $2,031/mo payment keeps the spread at $97/mo. Purchase price stands at $415,000, and rental yield measures 8.6% with $2,975/mo rent. Return on cash invested shows 20.75% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 108.34% and total cumulative return in cash records $149,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,975/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1977
10.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61523, Chillicothe, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,008 (100%) |
| Owner Occupied HU | 3,712 (74.1%) |
| Renter Occupied HU | 881 (17.6%) |
| Vacant Housing Units | 415 ( 8.3%) |
| Median Home Value | $197,605 |
| Average Home Value | $245,063 |
Housing Distribution
Address Breakdown
Residential
4,684
Single Family
4,458
Multi-Family
226
Businesses
264
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Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1255087
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.