1720 State Highway 16ShelbyvilleIL62565
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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 Shelbyville at 1720 State Highway 16, Shelbyville, IL, 62565 uses $61,328 cash to close to unlock $2,391/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,482/mo, and a $905/mo payment keeps the spread at $199/mo. Purchase price stands at $185,000, and rental yield measures 9.61% with $1,482/mo rent. Return on cash invested shows 23.81% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 124.8% and total cumulative return in cash records $76,539. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,482/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1973
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62565, Shelbyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,421 (66.5%) |
| Renter Occupied HU | 797 (21.9%) |
| Vacant Housing Units | 422 (11.6%) |
| Median Home Value | $172,283 |
| Average Home Value | $222,582 |
Housing Distribution
Address Breakdown
Residential
3,282
Single Family
3,187
Multi-Family
95
Businesses
314
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Listed by: Jeffrey Lucken • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25082388