502 S Parke StTuscolaIL61953
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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 Tuscola at 502 S Parke St, Tuscola, IL, 61953 offers $1,560/mo rent that, after a $969/mo payment, leaves $187/mo cash flow. Total monthly income is $1,560/mo, and annual cash flow is $2,241/yr on $65,637 cash. Return on cash invested measures 23.32% in year one, and rental yield stands at 9.45% at a $198,000 entry. Equity gained on principal adds $1,278/yr while 5% annual appreciation compounds into $54,704 by year five. Five-year ROI records 122.15% and total cumulative return in cash reaches $80,176. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,560/mo property income versus a $969/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61953, Tuscola, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,959 (100%) |
| Owner Occupied HU | 1,975 (66.7%) |
| Renter Occupied HU | 714 (24.1%) |
| Vacant Housing Units | 270 ( 9.1%) |
| Median Home Value | $178,656 |
| Average Home Value | $197,411 |
Housing Distribution
Address Breakdown
Residential
2,766
Single Family
2,588
Multi-Family
178
Businesses
267
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