2490 State Route 116BensonIL61516
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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 Benson at 2490 State Route 116, Benson, IL, 61516 earns $529/mo cash flow from $2,602/mo rent with a $1,463/mo payment. Total monthly income totals $2,602/mo, and annual cash flow totals $6,342/yr on $99,119 capital. ROI tracks 26.31% on current figures, and rental yield reads 10.44% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 138.15% and total cumulative return in cash sums $136,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,602/mo property income instead of your personal income.
Single Family
Built in 1920
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61516, Benson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 250 (79.9%) |
| Renter Occupied HU | 38 (12.1%) |
| Vacant Housing Units | 25 ( 8.0%) |
| Median Home Value | $145,313 |
| Average Home Value | $173,410 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
19
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Listed by: Angie Mccann • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1252613
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.