504 N East StOreanaIL62554
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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 Oreana at 504 N East St, Oreana, IL, 62554 offers $840/mo rent that, after a $1,101/mo payment. Total monthly income is $840/mo. Return on cash invested measures 8.32% in year one, and rental yield stands at 4.48% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 41.68% and total cumulative return in cash reaches $31,089. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $840/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62554, Oreana, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 621 (100%) |
| Owner Occupied HU | 513 (82.6%) |
| Renter Occupied HU | 82 (13.2%) |
| Vacant Housing Units | 26 ( 4.2%) |
| Median Home Value | $144,201 |
| Average Home Value | $202,729 |
Housing Distribution
Address Breakdown
Residential
562
Single Family
562
Multi-Family
0
Businesses
20
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