502 S Stanton StShannonIL61078
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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 Shannon at 502 S Stanton St, Shannon, IL, 61078 with 5% annual appreciation on a $200,000 basis while $1,115/mo rent supports operations. 98% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 6.69%. Five-year ROI measures 77.39% and total cumulative return in cash totals $51,308. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,115/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61078, Shannon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 641 (100%) |
| Owner Occupied HU | 490 (76.4%) |
| Renter Occupied HU | 81 (12.6%) |
| Vacant Housing Units | 70 (10.9%) |
| Median Home Value | $180,556 |
| Average Home Value | $242,878 |
Housing Distribution
Address Breakdown
Residential
528
Single Family
528
Multi-Family
0
Businesses
43
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