19260 N 700th StShumwayIL62461
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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 Shumway at 19260 N 700th St, Shumway, IL, 62461 generates $2,238/mo in rent, after a $2,937/mo payment. Total monthly income is $2,238/mo. Return on cash invested sits at 8.36% in year one, and rental yield is 4.48% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 41.87% and total cumulative return in cash sums $82,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,238/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
2.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62461, Shumway, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 317 (100%) |
| Owner Occupied HU | 236 (74.4%) |
| Renter Occupied HU | 31 ( 9.8%) |
| Vacant Housing Units | 50 (15.8%) |
| Median Home Value | $550,000 |
| Average Home Value | $546,992 |
Housing Distribution
Address Breakdown
Residential
337
Single Family
337
Multi-Family
0
Businesses
12
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