400 W Erie StSpring ValleyIL61362
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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 Spring Valley at 400 W Erie St, Spring Valley, IL, 61362 earns from $0/mo rent with a $732/mo payment. Total monthly income totals $0/mo. ROI tracks -5.21% on current figures, and rental yield reads 0% at a $149,500 purchase. Equity gained on principal adds $965/yr, and 5% annual appreciation supports $41,304 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1905
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61362, Spring Valley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,640 (100%) |
| Owner Occupied HU | 1,656 (62.7%) |
| Renter Occupied HU | 756 (28.6%) |
| Vacant Housing Units | 228 ( 8.6%) |
| Median Home Value | $150,794 |
| Average Home Value | $162,109 |
Housing Distribution
Address Breakdown
Residential
2,534
Single Family
2,366
Multi-Family
168
Businesses
171
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No similar rental properties found nearby.
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Listed by: Karen Zermeno • Coldwell Banker Today's, Realtors
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12525550