208 Barnes StNorris CityIL62869
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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 Norris City at 208 Barnes St, Norris City, IL, 62869 offers $1,422/mo rent that, after a $1,757/mo payment. Total monthly income is $1,422/mo. Return on cash invested measures 9.14% in year one, and rental yield stands at 4.75% at a $359,000 entry. Equity gained on principal adds $2,317/yr while 5% annual appreciation compounds into $99,185 by year five. Five-year ROI records 46.12% and total cumulative return in cash reaches $54,883. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,422/mo property income versus a $1,757/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62869, Norris City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,228 (100%) |
| Owner Occupied HU | 863 (70.3%) |
| Renter Occupied HU | 176 (14.3%) |
| Vacant Housing Units | 189 (15.4%) |
| Median Home Value | $133,686 |
| Average Home Value | $154,267 |
Housing Distribution
Address Breakdown
Residential
918
Single Family
918
Multi-Family
0
Businesses
70
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Listed by: Nikki Edwards • NFE Realty LLC
Mls Name: My State MLS
Mls ID: #11579995