310 N East StHomerIL61849
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
Investment property for sale in Homer at 310 N East St, Homer, IL, 61849 earns $715/mo cash flow from $2,064/mo rent with a $952/mo payment. Total monthly income totals $2,064/mo, and annual cash flow totals $8,579/yr on $64,477 capital. ROI tracks 33.21% on current figures, and rental yield reads 12.73% at a $194,500 purchase. Equity gained on principal adds $1,255/yr, and 5% annual appreciation supports $53,737 over five years. Five-year ROI reaches 175.15% and total cumulative return in cash sums $112,929. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,064/mo property income instead of your personal income.
Single Family
Built in 1916
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61849, Homer, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 805 (100%) |
| Owner Occupied HU | 643 (79.9%) |
| Renter Occupied HU | 104 (12.9%) |
| Vacant Housing Units | 58 ( 7.2%) |
| Median Home Value | $235,870 |
| Average Home Value | $254,393 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
54
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices