16701 Parnell RdDewittIL61735
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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 Dewitt at 16701 Parnell Rd, Dewitt, IL, 61735 offers a 0% rental yield on a $295,000 purchase with $0/mo rent. 2% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61735, Dewitt, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 164 (100%) |
| Owner Occupied HU | 122 (74.4%) |
| Renter Occupied HU | 15 ( 9.1%) |
| Vacant Housing Units | 27 (16.5%) |
| Median Home Value | $311,364 |
| Average Home Value | $306,045 |
Housing Distribution
Address Breakdown
Residential
122
Single Family
122
Multi-Family
0
Businesses
6
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