308 2nd StHenryIL61537
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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 Henry at 308 2nd St, Henry, IL, 61537 uses $59,637 cash to close to unlock $1,928/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,409/mo, and a $881/mo payment keeps the spread at $161/mo. Purchase price stands at $179,900, and rental yield measures 9.4% with $1,409/mo rent. Return on cash invested shows 23.14% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 121.17% and total cumulative return in cash records $72,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,409/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61537, Henry, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 961 (71.4%) |
| Renter Occupied HU | 273 (20.3%) |
| Vacant Housing Units | 111 ( 8.3%) |
| Median Home Value | $139,145 |
| Average Home Value | $178,174 |
Housing Distribution
Address Breakdown
Residential
1,196
Single Family
1,133
Multi-Family
63
Businesses
109
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