505 E Iowa StOblongIL62449
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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 Oblong at 505 E Iowa St, Oblong, IL, 62449 at $370,000 posts ROI 19.03% with from $2,477/mo rent. Total monthly income equals $2,477/mo. Return on cash invested measures 19.03% and rental yield reads 8.03% at the current $370,000. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 by year five. Five-year ROI prints 99.13% and total cumulative return in cash totals $121,589. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,477/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
10,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62449, Oblong, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,371 (100%) |
| Owner Occupied HU | 1,077 (78.6%) |
| Renter Occupied HU | 173 (12.6%) |
| Vacant Housing Units | 121 ( 8.8%) |
| Median Home Value | $132,452 |
| Average Home Value | $193,394 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
96
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