503 Commercial StChenoaIL61726
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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 Chenoa at 503 Commercial St, Chenoa, IL, 61726 generates $1,611/mo in rent and, after a $685/mo payment, leaves $640/mo in cash flow. Total monthly income is $1,611/mo, and annual cash flow is $7,684/yr on $46,377 invested. Return on cash invested sits at 36.48% in year one, and rental yield is 13.82% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 192.75% and total cumulative return in cash sums $89,391. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,611/mo property income rather than buyer’s personal income.
Single Family
Built in 1874
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61726, Chenoa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 835 (72.0%) |
| Renter Occupied HU | 212 (18.3%) |
| Vacant Housing Units | 112 ( 9.7%) |
| Median Home Value | $181,250 |
| Average Home Value | $247,940 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
83
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