410 Lee AveOlneyIL62450
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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 Olney at 410 Lee Ave, Olney, IL, 62450 uses $46,990 cash to close to unlock $6,643/yr annual cash flow and $554/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $694/mo payment keeps the spread at $554/mo. Purchase price stands at $141,750, and rental yield measures 13.01% with $1,537/mo rent. Return on cash invested shows 34.05% in year one, and 5% annual appreciation builds toward $39,163 over five years. Five-year ROI reaches 179.67% and total cumulative return in cash records $84,428. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $694/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62450, Olney, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,685 (100%) |
| Owner Occupied HU | 3,543 (62.3%) |
| Renter Occupied HU | 1,489 (26.2%) |
| Vacant Housing Units | 653 (11.5%) |
| Median Home Value | $140,262 |
| Average Home Value | $187,316 |
Housing Distribution
Address Breakdown
Residential
5,301
Single Family
5,087
Multi-Family
214
Businesses
558
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