412 Illinois AveEffinghamIL62401
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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 Effingham at 412 Illinois Ave, Effingham, IL, 62401 with 5% annual appreciation on a $123,900 basis while $935/mo rent supports operations. Total monthly income totals $935/mo and a $606/mo payment preserves $76/mo for cash returns. Annual cash flow comes to $912/yr on $41,073 deployed, and return on cash invested reaches 22.13% in year one. Equity gained on principal adds $800/yr, and five-year appreciation sums $34,231 alongside rental yield of 9.06%. Five-year ROI measures 115.89% and total cumulative return in cash totals $47,600.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $935/mo property income versus a $606/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62401, Effingham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 6,146 (66.8%) |
| Renter Occupied HU | 2,299 (25.0%) |
| Vacant Housing Units | 757 ( 8.2%) |
| Median Home Value | $210,470 |
| Average Home Value | $274,778 |
Housing Distribution
Address Breakdown
Residential
8,722
Single Family
8,101
Multi-Family
621
Businesses
1,297
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