401 S Linn StShannonIL61078
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Shannon at 401 S Linn St, Shannon, IL, 61078 uses $41,438 cash to close to unlock $2,385/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,066/mo, and a $612/mo payment keeps the spread at $199/mo. Purchase price stands at $125,000, and rental yield measures 10.23% with $1,066/mo rent. Return on cash invested shows 25.67% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 134.7% and total cumulative return in cash records $55,817. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,066/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1903
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61078, Shannon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 641 (100%) |
| Owner Occupied HU | 490 (76.4%) |
| Renter Occupied HU | 81 (12.6%) |
| Vacant Housing Units | 70 (10.9%) |
| Median Home Value | $180,556 |
| Average Home Value | $242,878 |
Housing Distribution
Address Breakdown
Residential
528
Single Family
528
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices