507 Northridge DrMahometIL61853
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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 Mahomet at 507 Northridge Dr, Mahomet, IL, 61853 offers $2,394/mo rent that, after a $1,835/mo payment. Total monthly income is $2,394/mo. Return on cash invested measures 17.92% in year one, and rental yield stands at 7.66% at a $374,900 entry. Equity gained on principal adds $2,419/yr while 5% annual appreciation compounds into $103,578 by year five. Five-year ROI records 93.14% and total cumulative return in cash reaches $115,759. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,394/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61853, Mahomet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,053 (100%) |
| Owner Occupied HU | 4,558 (75.3%) |
| Renter Occupied HU | 997 (16.5%) |
| Vacant Housing Units | 498 ( 8.2%) |
| Median Home Value | $296,520 |
| Average Home Value | $324,365 |
Housing Distribution
Address Breakdown
Residential
5,793
Single Family
5,101
Multi-Family
692
Businesses
379
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