402 E Texas StOblongIL62449
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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 Oblong at 402 E Texas St, Oblong, IL, 62449 priced at $122,000 pairs $953/mo rent with $107/mo cash flow after a $597/mo payment. Total monthly income equals $953/mo, and annual cash flow comes to $1,283/yr on $40,443 invested. Return on cash invested is 23.08% in year one, and rental yield stands at 9.37% on a $122,000 basis. Equity gained on principal adds $787/yr, and 5% annual appreciation accumulates to $33,706 by year five. Five-year ROI measures 120.85% and total cumulative return in cash reaches $48,875. For financing, Ziffy Mortgage’s DSCR program evaluates $953/mo property income against a $597/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
9,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62449, Oblong, IL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
96
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