324 N Oak StLoraineIL62349
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Loraine at 324 N Oak St, Loraine, IL, 62349 earns from $750/mo rent with a $808/mo payment. Total monthly income totals $750/mo. ROI tracks 11.25% on current figures, and rental yield reads 5.45% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 57.46% and total cumulative return in cash sums $31,427. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $750/mo property income instead of your personal income.
Single Family
Built in N/A
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62349, Loraine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 286 (100%) |
| Owner Occupied HU | 211 (73.8%) |
| Renter Occupied HU | 41 (14.3%) |
| Vacant Housing Units | 34 (11.9%) |
| Median Home Value | $181,731 |
| Average Home Value | $196,955 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
240
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandi Griswold • Happel, Inc., REALTORS
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1031043
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.