224 S Henderson StToulonIL61483
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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 Toulon at 224 S Henderson St, Toulon, IL, 61483 priced at $128,000 converts $1,022/mo rent into $135/mo cash flow after a $627/mo obligation. Total monthly income equals $1,022/mo, and annual cash flow totals $1,616/yr on $42,432 invested. Return on cash invested prints 23.72% in year one, and rental yield reads 9.58% against a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation compiles into $35,364 by year five. Five-year ROI reaches 124.29% and total cumulative return in cash sums $52,739. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,022/mo property income covering a $627/mo payment, not borrower’s personal income.
Single Family
Built in 1850
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61483, Toulon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 919 (100%) |
| Owner Occupied HU | 596 (64.9%) |
| Renter Occupied HU | 180 (19.6%) |
| Vacant Housing Units | 143 (15.6%) |
| Median Home Value | $115,789 |
| Average Home Value | $153,977 |
Housing Distribution
Address Breakdown
Residential
577
Single Family
555
Multi-Family
22
Businesses
65
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