305 N Poplar StAssumptionIL62510
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Assumption at 305 N Poplar St, Assumption, IL, 62510 offers $1,508/mo rent that, after a $724/mo payment, leaves $482/mo cash flow. Total monthly income is $1,508/mo, and annual cash flow is $5,782/yr on $49,062 cash. Return on cash invested measures 31.69% in year one, and rental yield stands at 12.23% at a $148,000 entry. Equity gained on principal adds $955/yr while 5% annual appreciation compounds into $40,890 by year five. Five-year ROI records 167.01% and total cumulative return in cash reaches $81,938. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,508/mo property income versus a $724/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62510, Assumption, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 739 (100%) |
| Owner Occupied HU | 523 (70.8%) |
| Renter Occupied HU | 137 (18.5%) |
| Vacant Housing Units | 79 (10.7%) |
| Median Home Value | $87,404 |
| Average Home Value | $151,463 |
Housing Distribution
Address Breakdown
Residential
705
Single Family
688
Multi-Family
17
Businesses
69
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Nearby investment properties with comparable prices
Listed by: Stacy Spracklen • Carol & Company
Mls Name: CIBR
Mls Provider:
Mls ID: #6251860
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.