245 S 7th StNokomisIL62075
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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 Nokomis at 245 S 7th St, Nokomis, IL, 62075 with 5% annual appreciation on a $145,000 basis while $882/mo rent supports operations. 81% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 7.3%. Five-year ROI measures 87.22% and total cumulative return in cash totals $41,924. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $882/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
1.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62075, Nokomis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,518 (100%) |
| Owner Occupied HU | 1,085 (71.5%) |
| Renter Occupied HU | 245 (16.1%) |
| Vacant Housing Units | 188 (12.4%) |
| Median Home Value | $120,682 |
| Average Home Value | $184,005 |
Housing Distribution
Address Breakdown
Residential
1,386
Single Family
1,365
Multi-Family
21
Businesses
111
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Listed by: Jack E Tosetti • Tosetti & Associates
Mls Name: MARIS
Mls Provider:
Mls ID: #25016377
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