420 N 7th StNeponsetIL61345
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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 Neponset at 420 N 7th St, Neponset, IL, 61345 generates $1,417/mo in rent and, after a $808/mo payment, leaves $272/mo in cash flow. Total monthly income is $1,417/mo, and annual cash flow is $3,265/yr on $54,698 invested. Return on cash invested sits at 25.88% in year one, and rental yield is 10.31% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 135.93% and total cumulative return in cash sums $74,351. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,417/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61345, Neponset, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 319 (100%) |
| Owner Occupied HU | 230 (72.1%) |
| Renter Occupied HU | 53 (16.6%) |
| Vacant Housing Units | 36 (11.3%) |
| Median Home Value | $158,333 |
| Average Home Value | $175,554 |
Housing Distribution
Address Breakdown
Residential
241
Single Family
241
Multi-Family
0
Businesses
19
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Listed by: Lisa Edwards • Ruhl&Ruhl REALTORS Moline
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4259347
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.