2925 N Stringtown RdOlneyIL62450
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 Olney at 2925 N Stringtown Rd, Olney, IL, 62450 uses $96,135 cash to close to unlock $2,423/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $2,213/mo, and a $1,419/mo payment keeps the spread at $202/mo. Purchase price stands at $290,000, and rental yield measures 9.16% with $2,213/mo rent. Return on cash invested shows 22.43% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 117.33% and total cumulative return in cash records $112,792. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,213/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in N/A
30.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62450, Olney, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,685 (100%) |
| Owner Occupied HU | 3,543 (62.3%) |
| Renter Occupied HU | 1,489 (26.2%) |
| Vacant Housing Units | 653 (11.5%) |
| Median Home Value | $140,262 |
| Average Home Value | $187,316 |
Housing Distribution
Address Breakdown
Residential
5,301
Single Family
5,087
Multi-Family
214
Businesses
558
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices