400 Washboard TrlHillsboroIL62049
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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 Hillsboro at 400 Washboard Trl, Hillsboro, IL, 62049 offers $2,038/mo rent that, after a $1,590/mo payment. Total monthly income is $2,038/mo. Return on cash invested measures 17.51% in year one, and rental yield stands at 7.53% at a $324,900 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,764 by year five. Five-year ROI records 90.97% and total cumulative return in cash reaches $97,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,038/mo property income versus a $1,590/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62049, Hillsboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,921 (100%) |
| Owner Occupied HU | 1,914 (65.5%) |
| Renter Occupied HU | 608 (20.8%) |
| Vacant Housing Units | 399 (13.7%) |
| Median Home Value | $130,952 |
| Average Home Value | $170,388 |
Housing Distribution
Address Breakdown
Residential
2,672
Single Family
2,616
Multi-Family
56
Businesses
256
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