23750 N State Highway 37DixIL62830
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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 Dix at 23750 N State Highway 37, Dix, IL, 62830 uses $73,925 cash to close to unlock $4,916/yr annual cash flow and $410/mo monthly cash flow. Total monthly income runs $1,956/mo, and a $1,091/mo payment keeps the spread at $410/mo. Purchase price stands at $223,000, and rental yield measures 10.53% with $1,956/mo rent. Return on cash invested shows 26.56% in year one, and 5% annual appreciation builds toward $61,611 over five years. Five-year ROI reaches 139.49% and total cumulative return in cash records $103,121. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,956/mo property income covering a $1,091/mo payment rather than investor’s personal income.
Single Family
Built in 1940
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62830, Dix, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 763 (100%) |
| Owner Occupied HU | 545 (71.4%) |
| Renter Occupied HU | 169 (22.1%) |
| Vacant Housing Units | 49 ( 6.4%) |
| Median Home Value | $157,415 |
| Average Home Value | $189,477 |
Housing Distribution
Address Breakdown
Residential
609
Single Family
514
Multi-Family
95
Businesses
34
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