220 S 8th StHerrinIL62948
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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 Herrin at 220 S 8th St, Herrin, IL, 62948 generates $1,564/mo in rent and, after a $671/mo payment, leaves $613/mo in cash flow. Total monthly income is $1,564/mo, and annual cash flow is $7,359/yr on $45,416 invested. Return on cash invested sits at 36.11% in year one, and rental yield is 13.7% on a $137,000 entry. Equity gained on principal adds $884/yr, while 5% annual appreciation builds toward $37,851 over five years. Five-year ROI reaches 190.81% and total cumulative return in cash sums $86,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,564/mo property income rather than buyer’s personal income.
Single Family
Built in 1912
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
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Listed by: Shelly K Cain • COLDWELL BANKER J. DAVID THOMPSON
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458969
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 03:38:04 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)