510 Greencastle DrWyanetIL61379
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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 Wyanet at 510 Greencastle Dr, Wyanet, IL, 61379 priced at $125,900 converts $1,005/mo rent into $132/mo cash flow after a $616/mo obligation. Total monthly income equals $1,005/mo, and annual cash flow totals $1,583/yr on $41,736 invested. Return on cash invested prints 23.7% in year one, and rental yield reads 9.58% against a $125,900 entry. Equity gained on principal adds $812/yr, while 5% annual appreciation compiles into $34,784 by year five. Five-year ROI reaches 124.15% and total cumulative return in cash sums $51,816. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,005/mo property income covering a $616/mo payment, not borrower’s personal income.
Single Family
Built in 1977
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61379, Wyanet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 548 (100%) |
| Owner Occupied HU | 403 (73.5%) |
| Renter Occupied HU | 104 (19.0%) |
| Vacant Housing Units | 41 ( 7.5%) |
| Median Home Value | $100,750 |
| Average Home Value | $154,435 |
Housing Distribution
Address Breakdown
Residential
343
Single Family
343
Multi-Family
0
Businesses
33
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