420 Nelson DrNorris CityIL62869
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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 Norris City at 420 Nelson Dr, Norris City, IL, 62869 generates $1,380/mo in rent and, after a $800/mo payment, leaves $246/mo in cash flow. Total monthly income is $1,380/mo, and annual cash flow is $2,954/yr on $54,200 invested. Return on cash invested sits at 25.36% in year one, and rental yield is 10.13% on a $163,500 entry. Equity gained on principal adds $1,055/yr, while 5% annual appreciation builds toward $45,172 over five years. Five-year ROI reaches 133.12% and total cumulative return in cash sums $72,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
2.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62869, Norris City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,228 (100%) |
| Owner Occupied HU | 863 (70.3%) |
| Renter Occupied HU | 176 (14.3%) |
| Vacant Housing Units | 189 (15.4%) |
| Median Home Value | $133,686 |
| Average Home Value | $154,267 |
Housing Distribution
Address Breakdown
Residential
918
Single Family
918
Multi-Family
0
Businesses
70
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Listed by: Amanda Cannon • The Property Shop
Mls Name: My State MLS
Mls ID: #11411702