245 W Loud StVirdenIL62690
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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 Virden at 245 W Loud St, Virden, IL, 62690 uses $43,062 cash to close to unlock $1,317/yr annual cash flow and $110/mo monthly cash flow. Total monthly income runs $1,011/mo, and a $636/mo payment keeps the spread at $110/mo. Purchase price stands at $129,900, and rental yield measures 9.34% with $1,011/mo rent. Return on cash invested shows 22.97% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 120.23% and total cumulative return in cash records $51,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,011/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62690, Virden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,210 (65.2%) |
| Renter Occupied HU | 423 (22.8%) |
| Vacant Housing Units | 223 (12.0%) |
| Median Home Value | $114,819 |
| Average Home Value | $148,977 |
Housing Distribution
Address Breakdown
Residential
1,674
Single Family
1,656
Multi-Family
18
Businesses
143
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Listed by: Mary Jo Welch • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035358
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.