513 S Main StClay CityIL62824
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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 Clay City at 513 S Main St, Clay City, IL, 62824 generates $1,847/mo in rent and, after a $734/mo payment, leaves $807/mo in cash flow. Total monthly income is $1,847/mo, and annual cash flow is $9,683/yr on $49,692 invested. Return on cash invested sits at 39.4% in year one, and rental yield is 14.79% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 208.33% and total cumulative return in cash sums $103,523. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,847/mo property income rather than buyer’s personal income.
Single Family
Built in 1902
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62824, Clay City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 833 (100%) |
| Owner Occupied HU | 615 (73.8%) |
| Renter Occupied HU | 110 (13.2%) |
| Vacant Housing Units | 108 (13.0%) |
| Median Home Value | $165,046 |
| Average Home Value | $241,549 |
Housing Distribution
Address Breakdown
Residential
575
Single Family
575
Multi-Family
0
Businesses
55
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