404 S Locust StShelbyvilleIL62565
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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
Rental property for sale in Shelbyville at 404 S Locust St, Shelbyville, IL, 62565 priced at $149,900 converts $880/mo rent into after a $734/mo obligation. Total monthly income equals $880/mo. Return on cash invested prints 16.04% in year one, and rental yield reads 7.04% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 83.12% and total cumulative return in cash sums $41,303. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $880/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1964
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62565, Shelbyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,421 (66.5%) |
| Renter Occupied HU | 797 (21.9%) |
| Vacant Housing Units | 422 (11.6%) |
| Median Home Value | $172,283 |
| Average Home Value | $222,582 |
Housing Distribution
Address Breakdown
Residential
3,282
Single Family
3,187
Multi-Family
95
Businesses
314
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Listed by: Glenda Sphar • Glenda Sphar Realty
Mls Name: CIBR
Mls ID: #6255326