2 Reed CtJeromeIL62704
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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 Jerome at 2 Reed Ct, Jerome, IL, 62704 listed at $144,000 pairs $1,606/mo rent with a $705/mo payment to leave $602/mo cash flow. Total monthly income runs $1,606/mo, and annual cash flow reaches $7,226/yr on $47,736 cash to close. Return on cash invested measures 35.05% in year one, and rental yield registers 13.38% at a $144,000 basis. Equity gained on principal adds $929/yr, and annual property appreciation at 5% supports $39,785 by year five. Five-year ROI tracks 185.13% and total cumulative return in cash totals $88,374. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,606/mo property income relative to a $705/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
4,476 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62704, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,933 (100%) |
| Owner Occupied HU | 11,549 (55.2%) |
| Renter Occupied HU | 7,218 (34.5%) |
| Vacant Housing Units | 2,166 (10.3%) |
| Median Home Value | $183,145 |
| Average Home Value | $213,920 |
Housing Distribution
Address Breakdown
Residential
19,620
Single Family
16,565
Multi-Family
3,055
Businesses
1,620
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Listed by: James J Skeeters • Keller Williams Capital
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1038331
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.