3 Red Bud LnHerrinIL62948
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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 Herrin at 3 Red Bud Ln, Herrin, IL, 62948 priced at $125,000 converts $946/mo rent into $64/mo cash flow after a $612/mo obligation. Total monthly income equals $946/mo, and annual cash flow totals $771/yr on $41,438 invested. Return on cash invested prints 21.77% in year one, and rental yield reads 9.08% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 114.05% and total cumulative return in cash sums $47,261. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $946/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
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Listed by: SABRINA HARMON • KELLER WILLIAMS PINNACLE
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457443
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