29796 State Highway 3ThebesIL62990
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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 Thebes at 29796 State Highway 3, Thebes, IL, 62990 offers a 8.76% rental yield on a $279,000 purchase with $2,036/mo rent. Total monthly income registers $2,036/mo, and a $1,366/mo payment leaves $100/mo available for distribution. Annual cash flow reaches $1,204/yr on $92,489 to close, and return on cash invested stands at 21.21% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 110.82% and total cumulative return in cash at $102,499. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,036/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
22.07 Acres lot
$N/A/sqft
No HOA
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Listed by: John Andy Clarke • MARK TWAIN REAL ESTATE SERVICES INC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB454893
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