425 N 3rd StWarsawIL62379
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
Investment property for sale in Warsaw at 425 N 3rd St, Warsaw, IL, 62379 offers a 9.31% rental yield on a $188,500 purchase with $1,462/mo rent. Total monthly income registers $1,462/mo, and a $923/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,850/yr on $62,488 to close, and return on cash invested stands at 22.87% in year one. Equity gained on principal adds $1,216/yr while 5% annual appreciation supports $52,079 over five years. Portfolio math shows five-year ROI at 119.77% and total cumulative return in cash at $74,841. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,462/mo property income against a $923/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62379, Warsaw, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,007 (100%) |
| Owner Occupied HU | 731 (72.6%) |
| Renter Occupied HU | 114 (11.3%) |
| Vacant Housing Units | 162 (16.1%) |
| Median Home Value | $116,906 |
| Average Home Value | $162,657 |
Housing Distribution
Address Breakdown
Residential
893
Single Family
885
Multi-Family
8
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Sowers • The People's Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6321912
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.