281 North AvePlainvilleIL62365
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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
Rental property for sale in Plainville at 281 North Ave, Plainville, IL, 62365 priced at $270,000 converts $1,914/mo rent into $41/mo cash flow after a $1,322/mo obligation. Total monthly income equals $1,914/mo, and annual cash flow totals $489/yr on $89,505 invested. Return on cash invested prints 20.46% in year one, and rental yield reads 8.51% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 106.75% and total cumulative return in cash sums $95,545. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,914/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in N/A
4.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62365, Plainville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 264 (100%) |
| Owner Occupied HU | 201 (76.1%) |
| Renter Occupied HU | 27 (10.2%) |
| Vacant Housing Units | 36 (13.6%) |
| Median Home Value | $203,205 |
| Average Home Value | $210,398 |
Housing Distribution
Address Breakdown
Residential
230
Single Family
230
Multi-Family
0
Businesses
8
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Listed by: Shiana Dolbeare • Elite Land & Auction, LLC
Mls Name: RMLS Alliance
Mls ID: #CA1041123