322 E South StVirginiaIL62691
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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 Virginia at 322 E South St, Virginia, IL, 62691 priced at $185,900 converts $1,747/mo rent into $457/mo cash flow after a $910/mo obligation. Total monthly income equals $1,747/mo, and annual cash flow totals $5,489/yr on $61,626 invested. Return on cash invested prints 28.82% in year one, and rental yield reads 11.28% against a $185,900 entry. Equity gained on principal adds $1,200/yr, while 5% annual appreciation compiles into $51,361 by year five. Five-year ROI reaches 151.63% and total cumulative return in cash sums $93,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,747/mo property income covering a $910/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62691, Virginia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,089 (100%) |
| Owner Occupied HU | 762 (70.0%) |
| Renter Occupied HU | 187 (17.2%) |
| Vacant Housing Units | 140 (12.9%) |
| Median Home Value | $129,412 |
| Average Home Value | $193,094 |
Housing Distribution
Address Breakdown
Residential
1,007
Single Family
1,001
Multi-Family
6
Businesses
84
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