314 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
Rental property for sale in Henry at 314 2nd St, Henry, IL, 61537 priced at $215,000 converts $1,170/mo rent into after a $1,052/mo obligation. Total monthly income equals $1,170/mo. Return on cash invested prints 14.51% in year one, and rental yield reads 6.53% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 74.91% and total cumulative return in cash sums $53,389. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,170/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Multi Family
Built in 1970
0.76 Acres 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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