316 N Saint Louis StSpartaIL62286
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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
Rental property for sale in Sparta at 316 N Saint Louis St, Sparta, IL, 62286 priced at $169,900 pairs $1,301/mo rent with $122/mo cash flow after a $832/mo payment. Total monthly income equals $1,301/mo, and annual cash flow comes to $1,465/yr on $56,322 invested. Return on cash invested is 22.51% in year one, and rental yield stands at 9.19% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 117.87% and total cumulative return in cash reaches $66,386. For financing, Ziffy Mortgage’s DSCR program evaluates $1,301/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1903
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62286, Sparta, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,840 (100%) |
| Owner Occupied HU | 1,735 (61.1%) |
| Renter Occupied HU | 676 (23.8%) |
| Vacant Housing Units | 429 (15.1%) |
| Median Home Value | $145,807 |
| Average Home Value | $178,012 |
Housing Distribution
Address Breakdown
Residential
2,512
Single Family
2,427
Multi-Family
85
Businesses
289
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