502 NW 2nd StCaseyIL62420
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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 Casey at 502 NW 2nd St, Casey, IL, 62420 earns $537/mo cash flow from $1,390/mo rent with a $602/mo payment. Total monthly income totals $1,390/mo, and annual cash flow totals $6,442/yr on $40,775 capital. ROI tracks 35.71% on current figures, and rental yield reads 13.56% at a $123,000 purchase. Equity gained on principal adds $794/yr, and 5% annual appreciation supports $33,983 over five years. Five-year ROI reaches 188.56% and total cumulative return in cash sums $76,885. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,390/mo property income instead of your personal income.
Single Family
Built in 1965
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62420, Casey, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,027 (100%) |
| Owner Occupied HU | 1,431 (70.6%) |
| Renter Occupied HU | 334 (16.5%) |
| Vacant Housing Units | 262 (12.9%) |
| Median Home Value | $130,452 |
| Average Home Value | $181,298 |
Housing Distribution
Address Breakdown
Residential
1,846
Single Family
1,843
Multi-Family
3
Businesses
193
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