1703 Main StHighlandIL62249
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
Rental property for sale in Highland at 1703 Main St, Highland, IL, 62249 priced at $229,900 pairs $1,818/mo rent with $224/mo cash flow after a $1,125/mo payment. Total monthly income equals $1,818/mo, and annual cash flow comes to $2,683/yr on $76,212 invested. Return on cash invested is 23.43% in year one, and rental yield stands at 9.49% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 122.72% and total cumulative return in cash reaches $93,527. For financing, Ziffy Mortgage’s DSCR program evaluates $1,818/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62249, Highland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,148 (100%) |
| Owner Occupied HU | 5,271 (73.7%) |
| Renter Occupied HU | 1,472 (20.6%) |
| Vacant Housing Units | 405 ( 5.7%) |
| Median Home Value | $264,878 |
| Average Home Value | $300,071 |
Housing Distribution
Address Breakdown
Residential
6,867
Single Family
6,539
Multi-Family
328
Businesses
511
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Listed by: Kim K Johnson • Equity Realty Group, LLC
Mls Name: MARIS
Mls Provider:
Mls ID: #25024921
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