515 Morgan StChapinIL62628
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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 Chapin at 515 Morgan St, Chapin, IL, 62628 offers a 8.21% rental yield on a $214,900 purchase with $1,470/mo rent. 56% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 102% and total cumulative return in cash at $72,666. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,470/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62628, Chapin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 360 (100%) |
| Owner Occupied HU | 290 (80.6%) |
| Renter Occupied HU | 50 (13.9%) |
| Vacant Housing Units | 20 ( 5.6%) |
| Median Home Value | $117,788 |
| Average Home Value | $172,405 |
Housing Distribution
Address Breakdown
Residential
253
Single Family
253
Multi-Family
0
Businesses
21
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Listed by: Breanne Sheehan • Brixx Properties
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036759
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