513 W North 1st StStewardsonIL62463
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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 Stewardson at 513 W North 1st St, Stewardson, IL, 62463 offers a 0% rental yield on a $199,900 purchase with $0/mo rent. 19% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2024
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62463, Stewardson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 563 (100%) |
| Owner Occupied HU | 427 (75.8%) |
| Renter Occupied HU | 93 (16.5%) |
| Vacant Housing Units | 43 ( 7.6%) |
| Median Home Value | $162,500 |
| Average Home Value | $214,748 |
Housing Distribution
Address Breakdown
Residential
390
Single Family
390
Multi-Family
0
Businesses
32
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No similar rental properties found nearby.
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Listed by: Alicia Winskill • Full Circle Realty
Mls Name: CIBR
Mls ID: #6255869