501 N Oak StSteelevilleIL62288
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 501 N Oak St, Steeleville, IL, 62288 in Steeleville. Rental yield 0%. At $122,500 with 0% gross yield, current distributions are modest, but the 5% appreciation rate projects $33,844 in new equity by year five, complemented by $1,128/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.00) allows non-U.S. residents to acquire without W-2s or domestic credit.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.0% |
| Monthly Cash Flow | $0 | $500 |
City averages based on Steeleville market data in our database. Property projections are estimates.
Single Family
Built in 1961
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62288, Steeleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,381 (100%) |
| Owner Occupied HU | 979 (70.9%) |
| Renter Occupied HU | 245 (17.7%) |
| Vacant Housing Units | 157 (11.4%) |
| Median Home Value | $198,818 |
| Average Home Value | $272,306 |
Housing Distribution
Address Breakdown
Residential
1,230
Single Family
1,219
Multi-Family
11
Businesses
97
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 1961
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62288, Steeleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,381 (100%) |
| Owner Occupied HU | 979 (70.9%) |
| Renter Occupied HU | 245 (17.7%) |
| Vacant Housing Units | 157 (11.4%) |
| Median Home Value | $198,818 |
| Average Home Value | $272,306 |
Housing Distribution
Address Breakdown
Residential
1,230
Single Family
1,219
Multi-Family
11
Businesses
97
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Shari Hopkins • Golden Key Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25038868
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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#197)