312 S Lincoln StSullivanIL61951
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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 Sullivan at 312 S Lincoln St, Sullivan, IL, 61951 priced at $168,500 converts $1,317/mo rent into $148/mo cash flow after a $825/mo obligation. Total monthly income equals $1,317/mo, and annual cash flow totals $1,776/yr on $55,858 invested. Return on cash invested prints 23.09% in year one, and rental yield reads 9.38% against a $168,500 entry. Equity gained on principal adds $1,087/yr, while 5% annual appreciation compiles into $46,553 by year five. Five-year ROI reaches 120.85% and total cumulative return in cash sums $67,506. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,317/mo property income covering a $825/mo payment, not borrower’s personal income.
Single Family
Built in 1963
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61951, Sullivan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,381 (100%) |
| Owner Occupied HU | 2,315 (68.5%) |
| Renter Occupied HU | 783 (23.2%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $145,991 |
| Average Home Value | $206,197 |
Housing Distribution
Address Breakdown
Residential
3,304
Single Family
3,220
Multi-Family
84
Businesses
310
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