216 S Long StWarrenIL61087
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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 Warren at 216 S Long St, Warren, IL, 61087 uses $49,692 cash to close to unlock $1,631/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $1,176/mo, and a $734/mo payment keeps the spread at $136/mo. Purchase price stands at $149,900, and rental yield measures 9.41% with $1,176/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 121.42% and total cumulative return in cash records $60,335. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,176/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1938
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61087, Warren, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 550 (69.9%) |
| Renter Occupied HU | 151 (19.2%) |
| Vacant Housing Units | 86 (10.9%) |
| Median Home Value | $99,811 |
| Average Home Value | $138,623 |
Housing Distribution
Address Breakdown
Residential
550
Single Family
535
Multi-Family
15
Businesses
69
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