501 S 7th StHerrinIL62948
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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
Investment property for sale in Herrin at 501 S 7th St, Herrin, IL, 62948 uses $41,404 cash to close to unlock $1,032/yr annual cash flow and $86/mo monthly cash flow. Total monthly income runs $952/mo, and a $611/mo payment keeps the spread at $86/mo. Purchase price stands at $124,900, and rental yield measures 9.15% with $952/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 117.14% and total cumulative return in cash records $48,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $952/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1912
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
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