508 N School StNormalIL61761
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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 Normal at 508 N School St, Normal, IL, 61761 at $174,900 posts ROI 22.97% with $148/mo cash flow from $1,361/mo rent. Total monthly income equals $1,361/mo, and annual cash flow records $1,775/yr on $57,979 to close. Return on cash invested measures 22.97% and rental yield reads 9.34% at the current $174,900. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 by year five. Five-year ROI prints 120.25% and total cumulative return in cash totals $69,720.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,361/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1919
8,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61761, Normal, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,515 (100%) |
| Owner Occupied HU | 11,570 (51.4%) |
| Renter Occupied HU | 9,063 (40.3%) |
| Vacant Housing Units | 1,882 ( 8.4%) |
| Median Home Value | $219,589 |
| Average Home Value | $253,433 |
Housing Distribution
Address Breakdown
Residential
20,029
Single Family
15,967
Multi-Family
4,062
Businesses
1,059
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