319 N Letcher StChenoaIL61726
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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 Chenoa at 319 N Letcher St, Chenoa, IL, 61726 with 5% annual appreciation on a $198,000 basis while $2,160/mo rent supports operations. Total monthly income totals $2,160/mo and a $969/mo payment preserves $787/mo for cash returns. Annual cash flow comes to $9,441/yr on $65,637 deployed, and return on cash invested reaches 34.29% in year one. Equity gained on principal adds $1,278/yr, and five-year appreciation sums $54,704 alongside rental yield of 13.09%. Five-year ROI measures 180.98% and total cumulative return in cash totals $118,792.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,160/mo property income versus a $969/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61726, Chenoa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 835 (72.0%) |
| Renter Occupied HU | 212 (18.3%) |
| Vacant Housing Units | 112 ( 9.7%) |
| Median Home Value | $181,250 |
| Average Home Value | $247,940 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
83
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