248 S Oak StChebanseIL60922
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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 Chebanse at 248 S Oak St, Chebanse, IL, 60922 with 5% annual appreciation on a $175,000 basis while $1,598/mo rent supports operations. Total monthly income totals $1,598/mo and a $857/mo payment preserves $384/mo for cash returns. Annual cash flow comes to $4,604/yr on $58,013 deployed, and return on cash invested reaches 27.85% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 10.96%. Five-year ROI measures 146.42% and total cumulative return in cash totals $84,943.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,598/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
6,577 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60922, Chebanse, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 856 (100%) |
| Owner Occupied HU | 620 (72.4%) |
| Renter Occupied HU | 175 (20.4%) |
| Vacant Housing Units | 61 ( 7.1%) |
| Median Home Value | $250,676 |
| Average Home Value | $312,206 |
Housing Distribution
Address Breakdown
Residential
762
Single Family
685
Multi-Family
77
Businesses
52
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