303 N Line StCreal SpringsIL62922
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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 Creal Springs at 303 N Line St, Creal Springs, IL, 62922 generates $1,130/mo in rent and, after a $759/mo payment, leaves $55/mo in cash flow. Total monthly income is $1,130/mo, and annual cash flow is $654/yr on $51,383 invested. Return on cash invested sits at 21.18% in year one, and rental yield is 8.75% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 110.71% and total cumulative return in cash sums $56,884. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,130/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62922, Creal Springs, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,625 (100%) |
| Owner Occupied HU | 1,112 (68.4%) |
| Renter Occupied HU | 164 (10.1%) |
| Vacant Housing Units | 349 (21.5%) |
| Median Home Value | $216,244 |
| Average Home Value | $223,649 |
Housing Distribution
Address Breakdown
Residential
1,191
Single Family
1,191
Multi-Family
0
Businesses
27
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Listed by: TAYLOR JOHNSTON • RIVER 2 RIVER REALTY, INC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB454892
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.