302 W Main StWarrenIL61087
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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 Warren at 302 W Main St, Warren, IL, 61087 with 5% annual appreciation on a $129,663 basis while $1,645/mo rent supports operations. Total monthly income totals $1,645/mo and a $635/mo payment preserves $641/mo for cash returns. Annual cash flow comes to $7,696/yr on $42,983 deployed, and return on cash invested reaches 37.81% in year one. Equity gained on principal adds $837/yr, and five-year appreciation sums $35,824 alongside rental yield of 15.22%. Five-year ROI measures 200.99% and total cumulative return in cash totals $86,393.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,645/mo property income versus a $635/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61087, Warren, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 550 (69.9%) |
| Renter Occupied HU | 151 (19.2%) |
| Vacant Housing Units | 86 (10.9%) |
| Median Home Value | $99,811 |
| Average Home Value | $138,623 |
Housing Distribution
Address Breakdown
Residential
550
Single Family
535
Multi-Family
15
Businesses
69
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