264 E 9th StNeogaIL62447
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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 Neoga at 264 E 9th St, Neoga, IL, 62447 uses $44,753 cash to close to unlock $1,000/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $1,020/mo, and a $661/mo payment keeps the spread at $83/mo. Purchase price stands at $135,000, and rental yield measures 9.07% with $1,020/mo rent. Return on cash invested shows 22.14% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 115.89% and total cumulative return in cash records $51,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1912
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62447, Neoga, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,490 (100%) |
| Owner Occupied HU | 1,091 (73.2%) |
| Renter Occupied HU | 180 (12.1%) |
| Vacant Housing Units | 219 (14.7%) |
| Median Home Value | $177,885 |
| Average Home Value | $222,193 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,200
Multi-Family
0
Businesses
68
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