1813 Heather LnClay CityIL62824
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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
Rental property for sale in Clay City at 1813 Heather Ln, Clay City, IL, 62824 priced at $425,000 converts $3,065/mo rent into $117/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,065/mo, and annual cash flow totals $1,407/yr on $140,888 invested. Return on cash invested prints 20.91% in year one, and rental yield reads 8.65% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 109.19% and total cumulative return in cash sums $153,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,065/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1974
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62824, Clay City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 833 (100%) |
| Owner Occupied HU | 615 (73.8%) |
| Renter Occupied HU | 110 (13.2%) |
| Vacant Housing Units | 108 (13.0%) |
| Median Home Value | $165,046 |
| Average Home Value | $241,549 |
Housing Distribution
Address Breakdown
Residential
575
Single Family
575
Multi-Family
0
Businesses
55
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Listed by: Rodney Hawkins • Midwest Farm & Land Co. LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB454869
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.