485 Boone St, New Haven, IL, 62867 | $137/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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485 Boone St, New Haven, IL, 62867 | $137/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New Haven at 485 Boone St, New Haven, IL, 62867 priced at $137,500 pairs $1,091/mo rent with $137/mo cash flow after a $673/mo payment. Total monthly income equals $1,091/mo, and annual cash flow comes to $1,647/yr on $45,581 invested. Return on cash invested is 23.52% in year one, and rental yield stands at 9.52% on a $137,500 basis. Equity gained on principal adds $887/yr, and 5% annual appreciation accumulates to $37,989 by year five. Five-year ROI measures 123.3% and total cumulative return in cash reaches $56,201. For financing, Ziffy Mortgage’s DSCR program evaluates $1,091/mo property income against a $673/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1960

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to the perfect blend of comfort and convenience-a cozy, inviting abode nestled on a generous one-acre plot. This charming home is ideal for first-time buyers seeking a serene and spacious living environment. Step inside to discover a warm and welcoming interior, boasting four well-appointed bedrooms and two full bathrooms. The heart of the home is the spacious kitchen, which comes fully equipped with all stainless steel appliances (Range, Refrigerator and dishwasher)and plenty of cabinet/counter space. Unique hand made epoxy countertops. The living room exudes a sense of relaxation, which includes the gas fireplace, carpeting in the Living room and bedrooms, and extra room. Kitchen has waterproof laminate and dining room is porcelain tile. When it comes to parking, you'll appreciate the convenience of a 2-car attached garage, ensuring your vehicles stay safe and sheltered year-round and, includes a separate 200+ amp electric service . The beauty of this property extends outdoors, where you'll find a fenced yard that offers privacy and security for your family and pets. The outdoor space is further enhanced by two-yard barns, providing ample storage for tools and toys, and a deck just outside the kitchen door, creating the perfect spot for barbecues. An additional room, currently being utilized as a music room complete with a full bath, holds the potential to be an excellent in-law unit or 4th bedroom, adding flexibility to the home's layout. This house is ready for you to make it your own. Imagine the memories you'll create in this peaceful retreat, where every detail has been thoughtfully considered to ensure a comfortable lifestyle.

Neighborhood Data

Neighborhood data shown for ZIP Code: 62867, New Haven, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	295 (100%)
Owner Occupied HU	201 (68.1%)
Renter Occupied HU	47 (15.9%)
Vacant Housing Units	47 (15.9%)
Median Home Value	$91,800
Average Home Value	$119,801