505 Prairie StRoanokeIL61561
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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 Roanoke at 505 Prairie St, Roanoke, IL, 61561 priced at $130,000 pairs $1,050/mo rent with $149/mo cash flow after a $636/mo payment. Total monthly income equals $1,050/mo, and annual cash flow comes to $1,783/yr on $43,095 invested. Return on cash invested is 24.05% in year one, and rental yield stands at 9.69% on a $130,000 basis. Equity gained on principal adds $839/yr, and 5% annual appreciation accumulates to $35,917 by year five. Five-year ROI measures 126.06% and total cumulative return in cash reaches $54,327. For financing, Ziffy Mortgage’s DSCR program evaluates $1,050/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61561, Roanoke, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 918 (79.3%) |
| Renter Occupied HU | 154 (13.3%) |
| Vacant Housing Units | 85 ( 7.3%) |
| Median Home Value | $180,914 |
| Average Home Value | $228,608 |
Housing Distribution
Address Breakdown
Residential
734
Single Family
734
Multi-Family
0
Businesses
74
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Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1256500
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.