2315 Flatt Woods RdSimpsonIL62985
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 Simpson at 2315 Flatt Woods Rd, Simpson, IL, 62985 priced at $149,000 converts $1,363/mo rent into $330/mo cash flow after a $729/mo obligation. Total monthly income equals $1,363/mo, and annual cash flow totals $3,957/yr on $49,394 invested. Return on cash invested prints 27.92% in year one, and rental yield reads 10.98% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. Five-year ROI reaches 146.8% and total cumulative return in cash sums $72,508. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,363/mo property income covering a $729/mo payment, not borrower’s personal income.
Single Family
Built in 1976
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62985, Simpson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 507 (100%) |
| Owner Occupied HU | 339 (66.9%) |
| Renter Occupied HU | 27 ( 5.3%) |
| Vacant Housing Units | 141 (27.8%) |
| Median Home Value | $188,125 |
| Average Home Value | $247,183 |
Housing Distribution
Address Breakdown
Residential
395
Single Family
395
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynn D Beasley • Midwest Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457302
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.