419 N Main StFarmer CityIL61842
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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 Farmer City at 419 N Main St, Farmer City, IL, 61842 with 5% annual appreciation on a $185,000 basis while $1,460/mo rent supports operations. Total monthly income totals $1,460/mo and a $905/mo payment preserves $177/mo for cash returns. Annual cash flow comes to $2,127/yr on $61,328 deployed, and return on cash invested reaches 23.38% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 9.47%. Five-year ROI measures 122.47% and total cumulative return in cash totals $75,111.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,460/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61842, Farmer City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,270 (100%) |
| Owner Occupied HU | 884 (69.6%) |
| Renter Occupied HU | 249 (19.6%) |
| Vacant Housing Units | 137 (10.8%) |
| Median Home Value | $166,667 |
| Average Home Value | $203,962 |
Housing Distribution
Address Breakdown
Residential
1,166
Single Family
1,166
Multi-Family
0
Businesses
125
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Listed by: Leslie Winstead • RE/MAX Choice Clinton
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12512099