402 E Smyth StSecorIL61771
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
Rental property for sale in Secor at 402 E Smyth St, Secor, IL, 61771 priced at $184,900 pairs $1,478/mo rent with $196/mo cash flow after a $905/mo payment. Total monthly income equals $1,478/mo, and annual cash flow comes to $2,346/yr on $61,294 invested. Return on cash invested is 23.74% in year one, and rental yield stands at 9.59% on a $184,900 basis. Equity gained on principal adds $1,193/yr, and 5% annual appreciation accumulates to $51,084 by year five. Five-year ROI measures 124.39% and total cumulative return in cash reaches $76,243. For financing, Ziffy Mortgage’s DSCR program evaluates $1,478/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61771, Secor, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 388 (100%) |
| Owner Occupied HU | 314 (80.9%) |
| Renter Occupied HU | 46 (11.9%) |
| Vacant Housing Units | 28 ( 7.2%) |
| Median Home Value | $250,000 |
| Average Home Value | $316,218 |
Housing Distribution
Address Breakdown
Residential
272
Single Family
272
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices