503 N Hill StWayne CityIL62895
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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 Wayne City at 503 N Hill St, Wayne City, IL, 62895 priced at $249,000 converts $2,081/mo rent into $354/mo cash flow after a $1,219/mo obligation. Total monthly income equals $2,081/mo, and annual cash flow totals $4,243/yr on $82,544 invested. Return on cash invested prints 25.05% in year one, and rental yield reads 10.03% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 131.4% and total cumulative return in cash sums $108,464. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,081/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62895, Wayne City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 779 (100%) |
| Owner Occupied HU | 546 (70.1%) |
| Renter Occupied HU | 141 (18.1%) |
| Vacant Housing Units | 92 (11.8%) |
| Median Home Value | $136,111 |
| Average Home Value | $151,740 |
Housing Distribution
Address Breakdown
Residential
699
Single Family
669
Multi-Family
30
Businesses
57
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Listed by: Linda D. Tucker • Pollard Realty
Mls Name: My State MLS
Mls ID: #11363818