210 N Cherry StHoffmanIL62250
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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 Hoffman at 210 N Cherry St, Hoffman, IL, 62250 generates $2,603/mo in rent, after a $2,129/mo payment. Total monthly income is $2,603/mo. Return on cash invested sits at 16.46% in year one, and rental yield is 7.18% on a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 85.33% and total cumulative return in cash sums $123,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,603/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62250, Hoffman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 224 (100%) |
| Owner Occupied HU | 183 (81.7%) |
| Renter Occupied HU | 25 (11.2%) |
| Vacant Housing Units | 16 ( 7.1%) |
| Median Home Value | $185,833 |
| Average Home Value | $232,117 |
Housing Distribution
Address Breakdown
Residential
109
Single Family
109
Multi-Family
0
Businesses
14
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Listed by: Alan B Owen • Coldwell Banker Allen & Geary
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB455665
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.