302 W North 3rd StShelbyvilleIL62565
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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 Shelbyville at 302 W North 3rd St, Shelbyville, IL, 62565 offers a 6.64% rental yield on a $159,000 purchase with $880/mo rent. 84% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 76.72% and total cumulative return in cash at $40,440. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $880/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1868
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62565, Shelbyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,421 (66.5%) |
| Renter Occupied HU | 797 (21.9%) |
| Vacant Housing Units | 422 (11.6%) |
| Median Home Value | $172,283 |
| Average Home Value | $222,582 |
Housing Distribution
Address Breakdown
Residential
3,282
Single Family
3,187
Multi-Family
95
Businesses
314
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Listed by: Glenda Sphar • Glenda Sphar Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #6252091
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.