1957 E Union AveLitchfieldIL62056
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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 Litchfield at 1957 E Union Ave, Litchfield, IL, 62056 offers a 9.14% rental yield on a $150,000 purchase with $1,143/mo rent. Total monthly income registers $1,143/mo, and a $734/mo payment leaves $103/mo available for distribution. Annual cash flow reaches $1,233/yr on $49,725 to close, and return on cash invested stands at 22.39% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 117.13% and total cumulative return in cash at $58,242. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,143/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
8,794 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62056, Litchfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,979 (100%) |
| Owner Occupied HU | 2,573 (64.7%) |
| Renter Occupied HU | 960 (24.1%) |
| Vacant Housing Units | 446 (11.2%) |
| Median Home Value | $130,117 |
| Average Home Value | $191,364 |
Housing Distribution
Address Breakdown
Residential
3,757
Single Family
3,582
Multi-Family
175
Businesses
421
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Listed by: Kari M Vann • Century 21 Reid Baugher Realty
Mls Name: MARIS
Mls ID: #25053854