305 N Race StWayne CityIL62895
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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
Investment property for sale in Wayne City at 305 N Race St, Wayne City, IL, 62895 with 5% annual appreciation on a $100,000 basis while $2,129/mo rent supports operations. Total monthly income totals $2,129/mo and a $489/mo payment preserves $1,436/mo for cash returns. Annual cash flow comes to $17,230/yr on $33,150 deployed, and return on cash invested reaches 71.88% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 25.55%. Five-year ROI measures 382.56% and total cumulative return in cash totals $126,820.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,129/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
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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Nearby investment properties with comparable prices
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