415 N Union StGood HopeIL61438
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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 Good Hope at 415 N Union St, Good Hope, IL, 61438 priced at $210,000 converts $1,951/mo rent into $494/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,951/mo, and annual cash flow totals $5,931/yr on $69,615 invested. Return on cash invested prints 28.43% in year one, and rental yield reads 11.15% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 149.56% and total cumulative return in cash sums $104,116. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,951/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61438, Good Hope, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 331 (100%) |
| Owner Occupied HU | 260 (78.5%) |
| Renter Occupied HU | 41 (12.4%) |
| Vacant Housing Units | 30 ( 9.1%) |
| Median Home Value | $148,077 |
| Average Home Value | $251,990 |
Housing Distribution
Address Breakdown
Residential
216
Single Family
216
Multi-Family
0
Businesses
18
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