2924 E 1050th AveOblongIL62449
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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 Oblong at 2924 E 1050th Ave, Oblong, IL, 62449 uses $43,095 cash to close to unlock $1,279/yr annual cash flow and $107/mo monthly cash flow. Total monthly income runs $1,008/mo, and a $636/mo payment keeps the spread at $107/mo. Purchase price stands at $130,000, and rental yield measures 9.3% with $1,008/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 119.8% and total cumulative return in cash records $51,627. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,008/mo property income covering a $636/mo payment rather than investor’s personal income.
Manufactured
Built in 2006
1.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62449, Oblong, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,371 (100%) |
| Owner Occupied HU | 1,077 (78.6%) |
| Renter Occupied HU | 173 (12.6%) |
| Vacant Housing Units | 121 ( 8.8%) |
| Median Home Value | $132,452 |
| Average Home Value | $193,394 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
96
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