22359 265th StNew CantonIL62356
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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 New Canton at 22359 265th St, New Canton, IL, 62356 generates $896/mo in rent and, after a $563/mo payment, leaves $98/mo in cash flow. Total monthly income is $896/mo, and annual cash flow is $1,178/yr on $38,123 invested. Return on cash invested sits at 23% in year one, and rental yield is 9.35% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 120.49% and total cumulative return in cash sums $45,933. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $896/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62356, New Canton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 255 (100%) |
| Owner Occupied HU | 157 (61.6%) |
| Renter Occupied HU | 37 (14.5%) |
| Vacant Housing Units | 61 (23.9%) |
| Median Home Value | $167,188 |
| Average Home Value | $167,516 |
Housing Distribution
Address Breakdown
Residential
189
Single Family
189
Multi-Family
0
Businesses
10
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Listed by: Anthony Scott Gatewood • Hometown Real Estate / Pioneer Land Company
Mls Name: My State MLS
Mls ID: #11563220