3350 Elkville RdVergennesIL62994
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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 Vergennes at 3350 Elkville Rd, Vergennes, IL, 62994 listed at $575,000 pairs $1,756/mo rent with a $2,814/mo payment. Total monthly income runs $1,756/mo. Return on cash invested measures 5.9% in year one, and rental yield registers 3.66% at a $575,000 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,862 by year five. Five-year ROI tracks 28.7% and total cumulative return in cash totals $54,299. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,756/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2017
50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62994, Vergennes, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 322 (100%) |
| Owner Occupied HU | 249 (77.3%) |
| Renter Occupied HU | 35 (10.9%) |
| Vacant Housing Units | 38 (11.8%) |
| Median Home Value | $133,190 |
| Average Home Value | $194,026 |
Housing Distribution
Address Breakdown
Residential
246
Single Family
246
Multi-Family
0
Businesses
16
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Listed by: JEFFREY K PHILLIPS • TRI COUNTY REALTY, INC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB456953
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.