303 N 2nd StEffinghamIL62401
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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
Rental property for sale in Effingham at 303 N 2nd St, Effingham, IL, 62401 generates $2,030/mo in rent and, after a $871/mo payment, leaves $796/mo in cash flow. Total monthly income is $2,030/mo, and annual cash flow is $9,547/yr on $59,007 invested. Return on cash invested sits at 36.09% in year one, and rental yield is 13.69% on a $178,000 entry. Equity gained on principal adds $1,149/yr, while 5% annual appreciation builds toward $49,178 over five years. Five-year ROI reaches 190.62% and total cumulative return in cash sums $112,477. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,030/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62401, Effingham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 6,146 (66.8%) |
| Renter Occupied HU | 2,299 (25.0%) |
| Vacant Housing Units | 757 ( 8.2%) |
| Median Home Value | $210,470 |
| Average Home Value | $274,778 |
Housing Distribution
Address Breakdown
Residential
8,722
Single Family
8,101
Multi-Family
621
Businesses
1,297
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