508 N 4th AveChenoaIL61726
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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 Chenoa at 508 N 4th Ave, Chenoa, IL, 61726 generates $1,861/mo in rent and, after a $954/mo payment, leaves $509/mo in cash flow. Total monthly income is $1,861/mo, and annual cash flow is $6,109/yr on $64,609 invested. Return on cash invested sits at 29.36% in year one, and rental yield is 11.46% on a $194,900 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 154.61% and total cumulative return in cash sums $99,891. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,861/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61726, Chenoa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 835 (72.0%) |
| Renter Occupied HU | 212 (18.3%) |
| Vacant Housing Units | 112 ( 9.7%) |
| Median Home Value | $181,250 |
| Average Home Value | $247,940 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
83
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