415 N Lincoln StCerro GordoIL61818
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cerro Gordo at 415 N Lincoln St, Cerro Gordo, IL, 61818 priced at $170,000 converts $1,363/mo rent into $184/mo cash flow after a $832/mo obligation. Total monthly income equals $1,363/mo, and annual cash flow totals $2,207/yr on $56,355 invested. Return on cash invested prints 23.83% in year one, and rental yield reads 9.62% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 124.82% and total cumulative return in cash sums $70,341. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,363/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61818, Cerro Gordo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 514 (73.6%) |
| Renter Occupied HU | 124 (17.8%) |
| Vacant Housing Units | 60 ( 8.6%) |
| Median Home Value | $127,500 |
| Average Home Value | $148,278 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
36
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Nearby investment properties with comparable prices
Listed by: Tony Piraino • Brinkoetter REALTORS
Mls Name: CIBR
Mls Provider:
Mls ID: #6247647
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.