25 N Michigan StHarrisburgIL62946
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Nearby investment properties with comparable prices
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
Rental property for sale in Harrisburg at 25 N Michigan St, Harrisburg, IL, 62946 offers $986/mo rent that, after a $631/mo payment, leaves $92/mo cash flow. Total monthly income is $986/mo, and annual cash flow is $1,102/yr on $42,730 cash. Return on cash invested measures 22.49% in year one, and rental yield stands at 9.18% at a $128,900 entry. Equity gained on principal adds $832/yr while 5% annual appreciation compounds into $35,613 by year five. Five-year ROI records 117.65% and total cumulative return in cash reaches $50,273. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $986/mo property income versus a $631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62946, Harrisburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,954 (100%) |
| Owner Occupied HU | 3,629 (61.0%) |
| Renter Occupied HU | 1,463 (24.6%) |
| Vacant Housing Units | 862 (14.5%) |
| Median Home Value | $126,021 |
| Average Home Value | $149,213 |
Housing Distribution
Address Breakdown
Residential
5,385
Single Family
5,143
Multi-Family
242
Businesses
575
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Listed by: Zachary W Rister • COLDWELL BANKER J. DAVID THOMPSON
Mls Name: RMLS Alliance
Mls ID: #EB459245