303 E Center StTroyIL62294
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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 Troy at 303 E Center St, Troy, IL, 62294 uses $58,013 cash to close to unlock $20,996/yr annual cash flow and $1,750/mo monthly cash flow. Total monthly income runs $2,964/mo, and a $857/mo payment keeps the spread at $1,750/mo. Purchase price stands at $175,000, and rental yield measures 20.32% with $2,964/mo rent. Return on cash invested shows 56.1% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 297.92% and total cumulative return in cash records $172,831. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,964/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62294, Troy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,266 (100%) |
| Owner Occupied HU | 4,801 (76.6%) |
| Renter Occupied HU | 1,178 (18.8%) |
| Vacant Housing Units | 287 ( 4.6%) |
| Median Home Value | $288,039 |
| Average Home Value | $330,237 |
Housing Distribution
Address Breakdown
Residential
6,258
Single Family
6,098
Multi-Family
160
Businesses
360
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Listed by: Shelly Niemeier • Legacy Realty & Auction, Llc
Mls Name: MARIS
Mls Provider:
Mls ID: #24057370
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