302 E 1st StMc ConnellIL61050
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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 Mc Connell at 302 E 1st St, Mc Connell, IL, 61050 offers a 0% rental yield on a $105,500 purchase with $0/mo rent. 19% in year one. Equity gained on principal adds $681/yr while 5% annual appreciation supports $29,148 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $516/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61050, Mc Connell, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 169 (100%) |
| Owner Occupied HU | 127 (75.1%) |
| Renter Occupied HU | 26 (15.4%) |
| Vacant Housing Units | 16 ( 9.5%) |
| Median Home Value | $195,313 |
| Average Home Value | $284,606 |
Housing Distribution
Address Breakdown
Residential
121
Single Family
121
Multi-Family
0
Businesses
10
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Listed by: N/A • N/A
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