406 N Main StPaysonIL62360
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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 Payson at 406 N Main St, Payson, IL, 62360 with 5% annual appreciation on a $285,000 basis while $0/mo rent supports operations. 2% in year one. Equity gained on principal adds $1,839/yr, and five-year appreciation sums $78,740 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $1,395/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62360, Payson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 722 (100%) |
| Owner Occupied HU | 546 (75.6%) |
| Renter Occupied HU | 118 (16.3%) |
| Vacant Housing Units | 58 ( 8.0%) |
| Median Home Value | $160,776 |
| Average Home Value | $198,498 |
Housing Distribution
Address Breakdown
Residential
577
Single Family
577
Multi-Family
0
Businesses
32
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