255 Main StSimpsonIL62985
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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 Simpson at 255 Main St, Simpson, IL, 62985 at $105,000 posts ROI 22.58% with $78/mo cash flow from $806/mo rent. Total monthly income equals $806/mo, and annual cash flow records $931/yr on $34,808 to close. Return on cash invested measures 22.58% and rental yield reads 9.21% at the current $105,000. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 by year five. Five-year ROI prints 118.22% and total cumulative return in cash totals $41,150.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $806/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2019
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62985, Simpson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 507 (100%) |
| Owner Occupied HU | 339 (66.9%) |
| Renter Occupied HU | 27 ( 5.3%) |
| Vacant Housing Units | 141 (27.8%) |
| Median Home Value | $188,125 |
| Average Home Value | $247,183 |
Housing Distribution
Address Breakdown
Residential
395
Single Family
395
Multi-Family
0
Businesses
7
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Listed by: JOHN L PETERMAN • Midwest Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458383
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.