402 N Harrison StOblongIL62449
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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
Investment property for sale in Oblong at 402 N Harrison St, Oblong, IL, 62449 with 5% annual appreciation on a $239,900 basis while $2,142/mo rent supports operations. Total monthly income totals $2,142/mo and a $1,174/mo payment preserves $478/mo for cash returns. Annual cash flow comes to $5,738/yr on $79,527 deployed, and return on cash invested reaches 27.12% in year one. Equity gained on principal adds $1,548/yr, and five-year appreciation sums $66,280 alongside rental yield of 10.71%. Five-year ROI measures 142.57% and total cumulative return in cash totals $113,383.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,142/mo property income versus a $1,174/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
8,662 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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