360 W Second South StChebanseIL60922
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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 Chebanse at 360 W Second South St, Chebanse, IL, 60922 at $221,899 posts ROI 20.02% with $7/mo cash flow from $1,546/mo rent. Total monthly income equals $1,546/mo, and annual cash flow records $83/yr on $73,560 to close. Return on cash invested measures 20.02% and rental yield reads 8.36% at the current $221,899. Equity gained on principal adds $1,432/yr, and 5% annual appreciation supports $61,307 by year five. Five-year ROI prints 104.42% and total cumulative return in cash totals $76,807.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,546/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60922, Chebanse, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 856 (100%) |
| Owner Occupied HU | 620 (72.4%) |
| Renter Occupied HU | 175 (20.4%) |
| Vacant Housing Units | 61 ( 7.1%) |
| Median Home Value | $250,676 |
| Average Home Value | $312,206 |
Housing Distribution
Address Breakdown
Residential
762
Single Family
685
Multi-Family
77
Businesses
52
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