301 W 2nd StAssumptionIL62510
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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 Assumption at 301 W 2nd St, Assumption, IL, 62510 offers a 9.95% rental yield on a $145,000 purchase with $1,202/mo rent. Total monthly income registers $1,202/mo, and a $710/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,351/yr on $48,068 to close, and return on cash invested stands at 24.8% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 130.06% and total cumulative return in cash at $62,516. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,202/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62510, Assumption, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 739 (100%) |
| Owner Occupied HU | 523 (70.8%) |
| Renter Occupied HU | 137 (18.5%) |
| Vacant Housing Units | 79 (10.7%) |
| Median Home Value | $87,404 |
| Average Home Value | $151,463 |
Housing Distribution
Address Breakdown
Residential
705
Single Family
688
Multi-Family
17
Businesses
69
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Listed by: Tony Lape • RE/MAX Properties
Mls Name: CIBR
Mls Provider:
Mls ID: #6249394
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.