355 N Cherry StEl PasoIL61738
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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 El Paso at 355 N Cherry St, El Paso, IL, 61738 at $188,000 posts ROI 22.32% with $125/mo cash flow from $1,429/mo rent. Total monthly income equals $1,429/mo, and annual cash flow records $1,502/yr on $62,322 to close. Return on cash invested measures 22.32% and rental yield reads 9.12% at the current $188,000. Equity gained on principal adds $1,213/yr, and 5% annual appreciation supports $51,941 by year five. Five-year ROI prints 116.81% and total cumulative return in cash totals $72,800.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,429/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1921
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61738, El Paso, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,690 (100%) |
| Owner Occupied HU | 1,261 (74.6%) |
| Renter Occupied HU | 328 (19.4%) |
| Vacant Housing Units | 101 ( 6.0%) |
| Median Home Value | $180,494 |
| Average Home Value | $224,138 |
Housing Distribution
Address Breakdown
Residential
1,685
Single Family
1,664
Multi-Family
21
Businesses
148
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