303 E North 1st StFindlayIL62534
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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 Findlay at 303 E North 1st St, Findlay, IL, 62534 uses $59,637 cash to close to unlock $2,348/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,444/mo, and a $881/mo payment keeps the spread at $196/mo. Purchase price stands at $179,900, and rental yield measures 9.63% with $1,444/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 124.97% and total cumulative return in cash records $74,529. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,444/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62534, Findlay, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 557 (100%) |
| Owner Occupied HU | 390 (70.0%) |
| Renter Occupied HU | 92 (16.5%) |
| Vacant Housing Units | 75 (13.5%) |
| Median Home Value | $143,478 |
| Average Home Value | $198,179 |
Housing Distribution
Address Breakdown
Residential
348
Single Family
348
Multi-Family
0
Businesses
38
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