24147 State Route 1DanvilleIL61834
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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 Danville at 24147 State Route 1, Danville, IL, 61834 uses $46,079 cash to close to unlock $470/yr annual cash flow and $39/mo monthly cash flow. Total monthly income runs $1,003/mo, and a $680/mo payment keeps the spread at $39/mo. Purchase price stands at $139,000, and rental yield measures 8.66% with $1,003/mo rent. Return on cash invested shows 20.93% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 109.37% and total cumulative return in cash records $50,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,003/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1950
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61834, Danville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,350 (100%) |
| Owner Occupied HU | 2,341 (69.9%) |
| Renter Occupied HU | 726 (21.7%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $158,947 |
| Average Home Value | $176,038 |
Housing Distribution
Address Breakdown
Residential
2,813
Single Family
2,788
Multi-Family
25
Businesses
406
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