222 W Chestnut StHoopestonIL60942
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 Hoopeston at 222 W Chestnut St, Hoopeston, IL, 60942 priced at $124,000 converts $1,020/mo rent into $160/mo cash flow after a $607/mo obligation. Total monthly income equals $1,020/mo, and annual cash flow totals $1,918/yr on $41,106 invested. Return on cash invested prints 24.57% in year one, and rental yield reads 9.87% against a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation compiles into $34,259 by year five. Five-year ROI reaches 128.86% and total cumulative return in cash sums $52,971. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,020/mo property income covering a $607/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60942, Hoopeston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,711 (100%) |
| Owner Occupied HU | 1,657 (61.1%) |
| Renter Occupied HU | 720 (26.6%) |
| Vacant Housing Units | 334 (12.3%) |
| Median Home Value | $79,844 |
| Average Home Value | $120,211 |
Housing Distribution
Address Breakdown
Residential
2,538
Single Family
2,334
Multi-Family
204
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices