407 S Locust StPanaIL62557
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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 Pana at 407 S Locust St, Pana, IL, 62557 priced at $259,900 pairs $726/mo rent with after a $1,272/mo payment. Total monthly income equals $726/mo. Return on cash invested is 4.91% in year one, and rental yield stands at 3.35% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 23.44% and total cumulative return in cash reaches $20,194. For financing, Ziffy Mortgage’s DSCR program evaluates $726/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1880
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62557, Pana, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,527 (100%) |
| Owner Occupied HU | 2,213 (62.7%) |
| Renter Occupied HU | 743 (21.1%) |
| Vacant Housing Units | 571 (16.2%) |
| Median Home Value | $114,822 |
| Average Home Value | $143,717 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
2,893
Multi-Family
177
Businesses
247
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