406 E Main StNorris CityIL62869
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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 Norris City at 406 E Main St, Norris City, IL, 62869 offers a 6.01% rental yield on a $319,000 purchase with $1,598/mo rent. 94% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,134 over five years. Portfolio math shows five-year ROI at 66.45% and total cumulative return in cash at $70,273. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,598/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62869, Norris City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,228 (100%) |
| Owner Occupied HU | 863 (70.3%) |
| Renter Occupied HU | 176 (14.3%) |
| Vacant Housing Units | 189 (15.4%) |
| Median Home Value | $133,686 |
| Average Home Value | $154,267 |
Housing Distribution
Address Breakdown
Residential
918
Single Family
918
Multi-Family
0
Businesses
70
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Listed by: Sharon K Hall • C J REALTY
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB455871
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.