365 High Meadow RdShermanIL62684
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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 Sherman at 365 High Meadow Rd, Sherman, IL, 62684 uses $104,818 cash to close to unlock $27,403/yr annual cash flow and $2,284/mo monthly cash flow. Total monthly income runs $4,518/mo, and a $1,548/mo payment keeps the spread at $2,284/mo. Purchase price stands at $316,194, and rental yield measures 17.15% with $4,518/mo rent. Return on cash invested shows 46.05% in year one, and 5% annual appreciation builds toward $87,359 over five years. Five-year ROI reaches 244.2% and total cumulative return in cash records $255,968. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,518/mo property income covering a $1,548/mo payment rather than investor’s personal income.
Single Family
Built in 2004
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62684, Sherman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,745 (86.0%) |
| Renter Occupied HU | 195 ( 9.6%) |
| Vacant Housing Units | 90 ( 4.4%) |
| Median Home Value | $308,183 |
| Average Home Value | $349,736 |
Housing Distribution
Address Breakdown
Residential
2,080
Single Family
2,080
Multi-Family
0
Businesses
109
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