500 E North StDanversIL61732
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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 Danvers at 500 E North St, Danvers, IL, 61732 priced at $295,000 pairs $2,123/mo rent with after a $1,444/mo payment. Total monthly income equals $2,123/mo. Return on cash invested is 19.16% in year one, and rental yield stands at 8.64% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 100.46% and total cumulative return in cash reaches $98,246. For financing, Ziffy Mortgage’s DSCR program evaluates $2,123/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
8,184 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61732, Danvers, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 834 (100%) |
| Owner Occupied HU | 691 (82.9%) |
| Renter Occupied HU | 109 (13.1%) |
| Vacant Housing Units | 34 ( 4.1%) |
| Median Home Value | $282,447 |
| Average Home Value | $284,012 |
Housing Distribution
Address Breakdown
Residential
574
Single Family
554
Multi-Family
20
Businesses
28
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Listed by: Gene Pflederer • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1260190
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.