305 N Main 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
Rental property for sale in Wayne City at 305 N Main St, Wayne City, IL, 62895 priced at $130,000 converts $0/mo rent into after a $636/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.19% in year one, and rental yield reads 0% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.74 Acres 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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Listed by: Lisa D McKinney • C21 All Pro Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB459640
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