505 W Main StLa HarpeIL61450
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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 La Harpe at 505 W Main St, La Harpe, IL, 61450 offers a 8.33% rental yield on a $132,000 purchase with $916/mo rent. Total monthly income registers $916/mo, and a $646/mo payment leaves $1/mo available for distribution. Annual cash flow reaches $6/yr on $43,758 to close, and return on cash invested stands at 19.92% in year one. Equity gained on principal adds $852/yr while 5% annual appreciation supports $36,469 over five years. Portfolio math shows five-year ROI at 103.95% and total cumulative return in cash at $45,487. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $916/mo property income against a $646/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61450, La Harpe, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 559 (75.8%) |
| Renter Occupied HU | 92 (12.5%) |
| Vacant Housing Units | 86 (11.7%) |
| Median Home Value | $106,094 |
| Average Home Value | $158,081 |
Housing Distribution
Address Breakdown
Residential
480
Single Family
480
Multi-Family
0
Businesses
58
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Listed by: Eric Little • Crossroads Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1255387
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.