217 E 3rd StSpartaIL62286
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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
Total monthly income runs $660/mo, and a $582/mo payment. Purchase price stands at $119,000, and rental yield measures 6.66% with $660/mo rent. Return on cash invested shows 14.89% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 77.04% and total cumulative return in cash records $30,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $660/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62286, Sparta, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,840 (100%) |
| Owner Occupied HU | 1,735 (61.1%) |
| Renter Occupied HU | 676 (23.8%) |
| Vacant Housing Units | 429 (15.1%) |
| Median Home Value | $145,807 |
| Average Home Value | $178,012 |
Housing Distribution
Address Breakdown
Residential
2,512
Single Family
2,427
Multi-Family
85
Businesses
289
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Listed by: Amber Skinner • Property Peddler, Inc
Mls Name: MARIS
Mls Provider:
Mls ID: #23027612
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