408 Margaret DrHerrinIL62948
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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 Herrin at 408 Margaret Dr, Herrin, IL, 62948 offers $2,225/mo rent that, after a $2,447/mo payment. Total monthly income is $2,225/mo. Return on cash invested measures 9.62% in year one, and rental yield stands at 5.34% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 49.13% and total cumulative return in cash reaches $81,420. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,225/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
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Listed by: Richard J Davis • C21 House of Realty, INC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457318
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.