304 Belmont ChaseShermanIL62684
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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 Sherman at 304 Belmont Chase, Sherman, IL, 62684 offers $3,674/mo rent that, after a $2,496/mo payment, leaves $133/mo cash flow. Total monthly income is $3,674/mo, and annual cash flow is $1,593/yr on $167,757 cash. Return on cash invested measures 21.01% in year one, and rental yield stands at 8.65% at a $509,900 entry. Equity gained on principal adds $3,290/yr while 5% annual appreciation compounds into $140,876 by year five. Five-year ROI records 109.71% and total cumulative return in cash reaches $184,052. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,674/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.44 Acres lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62684, Sherman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,745 (86.0%) |
| Renter Occupied HU | 195 ( 9.6%) |
| Vacant Housing Units | 90 ( 4.4%) |
| Median Home Value | $308,183 |
| Average Home Value | $349,736 |
Housing Distribution
Address Breakdown
Residential
2,080
Single Family
2,080
Multi-Family
0
Businesses
109
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Listed by: Tracy M Shaw • Keller Williams Capital
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1033949
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.