305 E Center StWayne CityIL62895
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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 Wayne City at 305 E Center St, Wayne City, IL, 62895 at $109,500 posts ROI 23.13% with $97/mo cash flow from $857/mo rent. Total monthly income equals $857/mo, and annual cash flow records $1,169/yr on $36,299 to close. Return on cash invested measures 23.13% and rental yield reads 9.39% at the current $109,500. Equity gained on principal adds $707/yr, and 5% annual appreciation supports $30,253 by year five. Five-year ROI prints 121.16% and total cumulative return in cash totals $43,979.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $857/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62895, Wayne City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 779 (100%) |
| Owner Occupied HU | 546 (70.1%) |
| Renter Occupied HU | 141 (18.1%) |
| Vacant Housing Units | 92 (11.8%) |
| Median Home Value | $136,111 |
| Average Home Value | $151,740 |
Housing Distribution
Address Breakdown
Residential
699
Single Family
669
Multi-Family
30
Businesses
57
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Listed by: Linda D. Tucker • Pollard Realty
Mls Name: My State MLS
Mls ID: #11408182