508 W Lincoln StHoopestonIL60942
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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 Hoopeston at 508 W Lincoln St, Hoopeston, IL, 60942 priced at $115,000 converts $1,020/mo rent into $222/mo cash flow after a $563/mo obligation. Total monthly income equals $1,020/mo, and annual cash flow totals $2,666/yr on $38,123 invested. Return on cash invested prints 26.9% in year one, and rental yield reads 10.64% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 141.45% and total cumulative return in cash sums $53,925. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,020/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1979
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60942, Hoopeston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,711 (100%) |
| Owner Occupied HU | 1,657 (61.1%) |
| Renter Occupied HU | 720 (26.6%) |
| Vacant Housing Units | 334 (12.3%) |
| Median Home Value | $79,844 |
| Average Home Value | $120,211 |
Housing Distribution
Address Breakdown
Residential
2,538
Single Family
2,334
Multi-Family
204
Businesses
184
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