505 W Illinois StAssumptionIL62510
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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 Assumption at 505 W Illinois St, Assumption, IL, 62510 offers $2,672/mo rent that, after a $2,423/mo payment. Total monthly income is $2,672/mo. Return on cash invested measures 14.34% in year one, and rental yield stands at 6.48% at a $495,000 entry. Equity gained on principal adds $3,194/yr while 5% annual appreciation compounds into $136,759 by year five. Five-year ROI records 73.96% and total cumulative return in cash reaches $121,366. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,672/mo property income versus a $2,423/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
2.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62510, Assumption, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 739 (100%) |
| Owner Occupied HU | 523 (70.8%) |
| Renter Occupied HU | 137 (18.5%) |
| Vacant Housing Units | 79 (10.7%) |
| Median Home Value | $87,404 |
| Average Home Value | $151,463 |
Housing Distribution
Address Breakdown
Residential
705
Single Family
688
Multi-Family
17
Businesses
69
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Listed by: Griffin Smock • Craggs REALTORS, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1033865
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.