505 NE 2nd StCaseyIL62420
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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 Casey at 505 NE 2nd St, Casey, IL, 62420 uses $47,405 cash to close to unlock $1,056/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $700/mo payment keeps the spread at $88/mo. Purchase price stands at $143,000, and rental yield measures 9.06% with $1,080/mo rent. Return on cash invested shows 22.14% in year one, and 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 115.87% and total cumulative return in cash records $54,928. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $700/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62420, Casey, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,027 (100%) |
| Owner Occupied HU | 1,431 (70.6%) |
| Renter Occupied HU | 334 (16.5%) |
| Vacant Housing Units | 262 (12.9%) |
| Median Home Value | $130,452 |
| Average Home Value | $181,298 |
Housing Distribution
Address Breakdown
Residential
1,846
Single Family
1,843
Multi-Family
3
Businesses
193
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