319 E BroadwayFarinaIL62838
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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 Farina at 319 E Broadway, Farina, IL, 62838 offers a 0% rental yield on a $115,900 purchase with $0/mo rent. 19% in year one. Equity gained on principal adds $748/yr while 5% annual appreciation supports $32,021 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $567/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62838, Farina, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 455 (78.3%) |
| Renter Occupied HU | 58 ( 10.0%) |
| Vacant Housing Units | 68 (11.7%) |
| Median Home Value | $114,440 |
| Average Home Value | $178,253 |
Housing Distribution
Address Breakdown
Residential
622
Single Family
622
Multi-Family
0
Businesses
45
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