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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Catlin at 404 Merrill St, Catlin, IL, 61817 offers $960/mo rent that, after a $636/mo payment, leaves $59/mo cash flow. Total monthly income is $960/mo, and annual cash flow is $705/yr on $43,062 cash. Return on cash invested measures 21.55% in year one, and rental yield stands at 8.87% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 112.63% and total cumulative return in cash reaches $48,499. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $960/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 61817, Catlin, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,116 (100%) |
| Owner Occupied HU | 812 (72.8%) |
| Renter Occupied HU | 226 (20.3%) |
| Vacant Housing Units | 78 ( 7.0%) |
| Median Home Value | $141,355 |
| Average Home Value | $166,509 |
Residential
756
Single Family
756
Multi-Family
0
Businesses
41
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Hayley Siefert • Keller Williams Realty - Danville
Mls Name: CIBR
Mls ID: #6255960
