26131 Straw School RdShannonIL61078
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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 Shannon at 26131 Straw School Rd, Shannon, IL, 61078 listed at $220,000 pairs $1,795/mo rent with a $1,077/mo payment to leave $269/mo cash flow. Total monthly income runs $1,795/mo, and annual cash flow reaches $3,226/yr on $72,930 cash to close. Return on cash invested measures 24.33% in year one, and rental yield registers 9.79% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 127.55% and total cumulative return in cash totals $93,023. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,795/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
3.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61078, Shannon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 641 (100%) |
| Owner Occupied HU | 490 (76.4%) |
| Renter Occupied HU | 81 (12.6%) |
| Vacant Housing Units | 70 (10.9%) |
| Median Home Value | $180,556 |
| Average Home Value | $242,878 |
Housing Distribution
Address Breakdown
Residential
528
Single Family
528
Multi-Family
0
Businesses
43
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Listed by: THOMAS MILLER • Fawn Ridge Real Estate Co.
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405228
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.