502 W Evans StPrincevilleIL61559
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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 Princeville at 502 W Evans St, Princeville, IL, 61559 priced at $163,000 converts $2,790/mo rent into $1,659/mo cash flow after a $798/mo obligation. Total monthly income equals $2,790/mo, and annual cash flow totals $19,910/yr on $54,035 invested. Return on cash invested prints 56.76% in year one, and rental yield reads 20.54% against a $163,000 entry. Equity gained on principal adds $1,052/yr, while 5% annual appreciation compiles into $45,034 by year five. Five-year ROI reaches 301.51% and total cumulative return in cash sums $162,919. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,790/mo property income covering a $798/mo payment, not borrower’s personal income.
Single Family
Built in 1904
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61559, Princeville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 1,049 (78.0%) |
| Renter Occupied HU | 160 (11.9%) |
| Vacant Housing Units | 136 (10.1%) |
| Median Home Value | $242,178 |
| Average Home Value | $271,568 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,161
Multi-Family
26
Businesses
82
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Listed by: Kim Ely • Re/Max Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1249796
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.