217 E High StFarmer CityIL61842
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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 Farmer City at 217 E High St, Farmer City, IL, 61842 generates $1,232/mo in rent, after a $1,223/mo payment. Total monthly income is $1,232/mo. Return on cash invested sits at 12.65% in year one, and rental yield is 5.92% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 64.9% and total cumulative return in cash sums $53,762. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,232/mo property income rather than buyer’s personal income.
Single Family
Built in 1879
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61842, Farmer City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,270 (100%) |
| Owner Occupied HU | 884 (69.6%) |
| Renter Occupied HU | 249 (19.6%) |
| Vacant Housing Units | 137 (10.8%) |
| Median Home Value | $166,667 |
| Average Home Value | $203,962 |
Housing Distribution
Address Breakdown
Residential
1,166
Single Family
1,166
Multi-Family
0
Businesses
125
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Listed by: Cherie Magenheimer-Bobb, GRI • Cornerstone Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12415300