1904 Mitchell DrEurekaIL61530
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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 Eureka at 1904 Mitchell Dr, Eureka, IL, 61530 priced at $210,000 converts $1,463/mo rent into $6/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,463/mo, and annual cash flow totals $75/yr on $69,615 invested. Return on cash invested prints 20.02% in year one, and rental yield reads 8.36% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 104.45% and total cumulative return in cash sums $72,712. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,463/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61530, Eureka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,631 (100%) |
| Owner Occupied HU | 1,847 (70.2%) |
| Renter Occupied HU | 618 (23.5%) |
| Vacant Housing Units | 166 ( 6.3%) |
| Median Home Value | $182,292 |
| Average Home Value | $212,197 |
Housing Distribution
Address Breakdown
Residential
2,547
Single Family
2,413
Multi-Family
134
Businesses
233
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Listed by: Liz Danner • RE/MAX WRC Downtown
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1256202
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.