40 Woods Mill 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
Rental property for sale in Sherman at 40 Woods Mill Rd, Sherman, IL, 62684 priced at $237,000 converts $2,148/mo rent into $504/mo cash flow after a $1,160/mo obligation. Total monthly income equals $2,148/mo, and annual cash flow totals $6,049/yr on $78,566 invested. Return on cash invested prints 27.61% in year one, and rental yield reads 10.88% against a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation compiles into $65,479 by year five. Five-year ROI reaches 145.17% and total cumulative return in cash sums $114,056. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,148/mo property income covering a $1,160/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.28 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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Listed by: Eric Easley • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1039331
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.