300 N 8th StElkvilleIL62932
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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 Elkville at 300 N 8th St, Elkville, IL, 62932 priced at $219,900 converts $1,424/mo rent into after a $1,076/mo obligation. Total monthly income equals $1,424/mo. Return on cash invested prints 18.25% in year one, and rental yield reads 7.77% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 94.97% and total cumulative return in cash sums $69,232. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,424/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62932, Elkville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 677 (100%) |
| Owner Occupied HU | 447 (66.0%) |
| Renter Occupied HU | 129 (19.1%) |
| Vacant Housing Units | 101 (14.9%) |
| Median Home Value | $82,119 |
| Average Home Value | $102,953 |
Housing Distribution
Address Breakdown
Residential
551
Single Family
551
Multi-Family
0
Businesses
31
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Listed by: Linda Williams • Coldwell Banker Preferred
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB456665
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.