2234 Red Stripe RdOdinIL62870
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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 Odin at 2234 Red Stripe Rd, Odin, IL, 62870 generates $1,728/mo in rent and, after a $881/mo payment, leaves $480/mo in cash flow. Total monthly income is $1,728/mo, and annual cash flow is $5,756/yr on $59,637 invested. Return on cash invested sits at 29.56% in year one, and rental yield is 11.53% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 155.6% and total cumulative return in cash sums $92,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,728/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62870, Odin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 882 (100%) |
| Owner Occupied HU | 649 (73.6%) |
| Renter Occupied HU | 126 (14.3%) |
| Vacant Housing Units | 107 (12.1%) |
| Median Home Value | $128,860 |
| Average Home Value | $169,029 |
Housing Distribution
Address Breakdown
Residential
769
Single Family
769
Multi-Family
0
Businesses
36
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