2710 N State Highway 96NiotaIL62358
Nearby investment properties with comparable rents
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
Investment property for sale in Niota at 2710 N State Highway 96, Niota, IL, 62358 offers a 9.24% rental yield on a $215,000 purchase with $1,656/mo rent. Total monthly income registers $1,656/mo, and a $1,052/mo payment leaves $165/mo available for distribution. Annual cash flow reaches $1,980/yr on $71,273 to close, and return on cash invested stands at 22.69% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 118.79% and total cumulative return in cash at $84,661. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,656/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62358, Niota, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 337 (100%) |
| Owner Occupied HU | 212 (62.9%) |
| Renter Occupied HU | 48 (14.2%) |
| Vacant Housing Units | 77 (22.8%) |
| Median Home Value | $120,000 |
| Average Home Value | $190,483 |
Housing Distribution
Address Breakdown
Residential
270
Single Family
270
Multi-Family
0
Businesses
20
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