212 W State StHamelIL62046
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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 Hamel at 212 W State St, Hamel, IL, 62046 generates $1,440/mo in rent and, after a $1,003/mo payment, leaves $18/mo in cash flow. Total monthly income is $1,440/mo, and annual cash flow is $221/yr on $67,958 invested. Return on cash invested sits at 20.23% in year one, and rental yield is 8.43% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 105.6% and total cumulative return in cash sums $71,766. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62046, Hamel, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 324 (81.0%) |
| Renter Occupied HU | 53 (13.2%) |
| Vacant Housing Units | 23 ( 5.7%) |
| Median Home Value | $256,667 |
| Average Home Value | $253,958 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
55
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