215 S Church StNew CantonIL62356
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 New Canton at 215 S Church St, New Canton, IL, 62356 offers $1,890/mo rent that, after a $675/mo payment, leaves $933/mo cash flow. Total monthly income is $1,890/mo, and annual cash flow is $11,199/yr on $45,747 cash. Return on cash invested measures 44.39% in year one, and rental yield stands at 16.43% at a $138,000 entry. Equity gained on principal adds $890/yr while 5% annual appreciation compounds into $38,127 by year five. Five-year ROI records 235.18% and total cumulative return in cash reaches $107,586. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,890/mo property income versus a $675/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62356, New Canton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 255 (100%) |
| Owner Occupied HU | 157 (61.6%) |
| Renter Occupied HU | 37 (14.5%) |
| Vacant Housing Units | 61 (23.9%) |
| Median Home Value | $167,188 |
| Average Home Value | $167,516 |
Housing Distribution
Address Breakdown
Residential
189
Single Family
189
Multi-Family
0
Businesses
10
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Listed by: N/A • N/A
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