27 County Road 300 NNorris CityIL62869
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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 Norris City at 27 County Road 300 N, Norris City, IL, 62869 uses $42,764 cash to close to unlock $12,523/yr annual cash flow and $1,044/mo monthly cash flow. Total monthly income runs $1,938/mo, and a $631/mo payment keeps the spread at $1,044/mo. Purchase price stands at $129,000, and rental yield measures 18.03% with $1,938/mo rent. Return on cash invested shows 49.19% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 260.92% and total cumulative return in cash records $111,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,938/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62869, Norris City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,228 (100%) |
| Owner Occupied HU | 863 (70.3%) |
| Renter Occupied HU | 176 (14.3%) |
| Vacant Housing Units | 189 (15.4%) |
| Median Home Value | $133,686 |
| Average Home Value | $154,267 |
Housing Distribution
Address Breakdown
Residential
918
Single Family
918
Multi-Family
0
Businesses
70
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Listed by: Nikki Edwards • NFE Realty LLC
Mls Name: My State MLS
Mls ID: #11360860