504 E Main StHeyworthIL61745
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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 Heyworth at 504 E Main St, Heyworth, IL, 61745 offers a 8.05% rental yield on a $215,000 purchase with $1,442/mo rent. 29% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 95.43% and total cumulative return in cash at $68,017. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,442/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1898
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61745, Heyworth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,673 (100%) |
| Owner Occupied HU | 1,376 (82.2%) |
| Renter Occupied HU | 221 (13.2%) |
| Vacant Housing Units | 76 ( 4.5%) |
| Median Home Value | $247,541 |
| Average Home Value | $289,935 |
Housing Distribution
Address Breakdown
Residential
1,572
Single Family
1,572
Multi-Family
0
Businesses
71
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