23656 Fitch RdThompsonvilleIL62890
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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
Investment property for sale in Thompsonville at 23656 Fitch Rd, Thompsonville, IL, 62890 uses $33,150 cash to close to unlock $706/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $752/mo, and a $489/mo payment keeps the spread at $59/mo. Purchase price stands at $100,000, and rental yield measures 9.02% with $752/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 115.27% and total cumulative return in cash records $38,212. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $752/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62890, Thompsonville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,211 (100%) |
| Owner Occupied HU | 893 (73.7%) |
| Renter Occupied HU | 163 (13.5%) |
| Vacant Housing Units | 155 (12.8%) |
| Median Home Value | $142,878 |
| Average Home Value | $250,795 |
Housing Distribution
Address Breakdown
Residential
1,071
Single Family
1,071
Multi-Family
0
Businesses
38
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Listed by: Stevie Rae • House 2 Home Realty Marion
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4260734
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.