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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Oblong at 401 N Range St, Oblong, IL, 62449 generates $1,961/mo in rent and, after a $1,346/mo payment, leaves $55/mo in cash flow. Total monthly income is $1,961/mo, and annual cash flow is $657/yr on $91,129 invested. Return on cash invested sits at 20.63% in year one, and rental yield is 8.56% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 107.69% and total cumulative return in cash sums $98,139. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,961/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 62449, Oblong, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,371 (100%) |
| Owner Occupied HU | 1,077 (78.6%) |
| Renter Occupied HU | 173 (12.6%) |
| Vacant Housing Units | 121 ( 8.8%) |
| Median Home Value | $132,452 |
| Average Home Value | $193,394 |
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
96
Date | Event | Price |
|---|---|---|
| 2024-10-22 | Listed for sale | $274,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $3449.10 | N/A | $53,604 | 5.24% |
| 2022-02-14 | N/A | N/A | $50,935 | 3.92% |
| 2021-02-14 | $3128.68 | -4.56% | $49,014 | N/A |
Listed by: Beth Smothers • Stence Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #6247324
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.
