360 E Cherry StHoyletonIL62803
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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 Hoyleton at 360 E Cherry St, Hoyleton, IL, 62803 priced at $117,000 pairs $1,150/mo rent with $338/mo cash flow after a $573/mo payment. Total monthly income equals $1,150/mo, and annual cash flow comes to $4,057/yr on $38,786 invested. Return on cash invested is 30.37% in year one, and rental yield stands at 11.79% on a $117,000 basis. Equity gained on principal adds $755/yr, and 5% annual appreciation accumulates to $32,325 by year five. Five-year ROI measures 160.05% and total cumulative return in cash reaches $62,077. For financing, Ziffy Mortgage’s DSCR program evaluates $1,150/mo property income against a $573/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1931
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62803, Hoyleton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 401 (100%) |
| Owner Occupied HU | 321 (80.0%) |
| Renter Occupied HU | 56 (14.0%) |
| Vacant Housing Units | 24 ( 6.0%) |
| Median Home Value | $178,750 |
| Average Home Value | $305,919 |
Housing Distribution
Address Breakdown
Residential
360
Single Family
360
Multi-Family
0
Businesses
23
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