429 Kora LnSaint JacobIL62281
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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 Saint Jacob at 429 Kora Ln, Saint Jacob, IL, 62281 priced at $457,000 converts $2,688/mo rent into after a $2,237/mo obligation. Total monthly income equals $2,688/mo. Return on cash invested prints 16.09% in year one, and rental yield reads 7.06% against a $457,000 entry. Equity gained on principal adds $2,949/yr, while 5% annual appreciation compiles into $126,261 by year five. Five-year ROI reaches 83.33% and total cumulative return in cash sums $126,247. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,688/mo property income covering a $2,237/mo payment, not borrower’s personal income.
Single Family
Built in 2015
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62281, Saint Jacob, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,166 (100%) |
| Owner Occupied HU | 970 (83.2%) |
| Renter Occupied HU | 137 (11.7%) |
| Vacant Housing Units | 59 ( 5.1%) |
| Median Home Value | $319,811 |
| Average Home Value | $326,554 |
Housing Distribution
Address Breakdown
Residential
1,035
Single Family
1,035
Multi-Family
0
Businesses
47
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Listed by: Kim D Ruhl • RE/MAX Results Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25040763
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