32 New Home RdStonefortIL62987
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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 Stonefort at 32 New Home Rd, Stonefort, IL, 62987 offers $2,220/mo rent that, after a $2,839/mo payment. Total monthly income is $2,220/mo. Return on cash invested measures 8.72% in year one, and rental yield stands at 4.59% at a $580,000 entry. Equity gained on principal adds $3,743/yr while 5% annual appreciation compounds into $160,243 by year five. Five-year ROI records 43.8% and total cumulative return in cash reaches $83,577. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,220/mo property income versus a $2,839/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62987, Stonefort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 399 (73.9%) |
| Renter Occupied HU | 66 (12.2%) |
| Vacant Housing Units | 75 (13.9%) |
| Median Home Value | $172,943 |
| Average Home Value | $219,474 |
Housing Distribution
Address Breakdown
Residential
444
Single Family
444
Multi-Family
0
Businesses
16
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