211 N Center StMelvinIL60952
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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 Melvin at 211 N Center St, Melvin, IL, 60952 offers a 0% rental yield on a $175,000 purchase with $0/mo rent. 21% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60952, Melvin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 291 (100%) |
| Owner Occupied HU | 211 (72.5%) |
| Renter Occupied HU | 40 (13.7%) |
| Vacant Housing Units | 40 (13.7%) |
| Median Home Value | $100,625 |
| Average Home Value | $129,123 |
Housing Distribution
Address Breakdown
Residential
173
Single Family
173
Multi-Family
0
Businesses
13
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