502 E 3rd StHerscherIL60941
Nearby investment properties with comparable rents
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
Investment Highlights
Investment property for sale in Herscher at 502 E 3rd St, Herscher, IL, 60941 offers a 9.2% rental yield on a $214,900 purchase with $1,647/mo rent. Total monthly income registers $1,647/mo, and a $1,052/mo payment leaves $156/mo available for distribution. Annual cash flow reaches $1,875/yr on $71,239 to close, and return on cash invested stands at 22.54% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 117.99% and total cumulative return in cash at $84,054. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,647/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60941, Herscher, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 604 (73.2%) |
| Renter Occupied HU | 161 (19.5%) |
| Vacant Housing Units | 60 ( 7.3%) |
| Median Home Value | $242,991 |
| Average Home Value | $273,357 |
Housing Distribution
Address Breakdown
Residential
605
Single Family
564
Multi-Family
41
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices