408 E Ririe Pl #0FlanaganIL61740
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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 Flanagan at 408 E Ririe Pl #0, Flanagan, IL, 61740 offers a 0% rental yield on a $105,000 purchase with $0/mo rent. 2% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61740, Flanagan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 481 (69.6%) |
| Renter Occupied HU | 117 (16.9%) |
| Vacant Housing Units | 93 (13.5%) |
| Median Home Value | $159,604 |
| Average Home Value | $172,853 |
Housing Distribution
Address Breakdown
Residential
485
Single Family
485
Multi-Family
0
Businesses
53
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