320 N Main St #0RoanokeIL61561
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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 Roanoke at 320 N Main St #0, Roanoke, IL, 61561 generates $1,050/mo in rent, after a $978/mo payment. Total monthly income is $1,050/mo. Return on cash invested sits at 13.82% in year one, and rental yield is 6.3% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 71.19% and total cumulative return in cash sums $47,173. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,050/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
2,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61561, Roanoke, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 918 (79.3%) |
| Renter Occupied HU | 154 (13.3%) |
| Vacant Housing Units | 85 ( 7.3%) |
| Median Home Value | $180,914 |
| Average Home Value | $228,608 |
Housing Distribution
Address Breakdown
Residential
734
Single Family
734
Multi-Family
0
Businesses
74
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