403 S 2nd AveHoopestonIL60942
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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 Hoopeston at 403 S 2nd Ave, Hoopeston, IL, 60942 offers a 8.45% rental yield on a $144,900 purchase with $1,020/mo rent. Total monthly income registers $1,020/mo, and a $709/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $182/yr on $48,034 to close, and return on cash invested stands at 20.29% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,033 over five years. Portfolio math shows five-year ROI at 105.95% and total cumulative return in cash at $50,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,020/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60942, Hoopeston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,711 (100%) |
| Owner Occupied HU | 1,657 (61.1%) |
| Renter Occupied HU | 720 (26.6%) |
| Vacant Housing Units | 334 (12.3%) |
| Median Home Value | $79,844 |
| Average Home Value | $120,211 |
Housing Distribution
Address Breakdown
Residential
2,538
Single Family
2,334
Multi-Family
204
Businesses
184
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