515 S 5th StElkvilleIL62932
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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 Elkville at 515 S 5th St, Elkville, IL, 62932 offers a 8.23% rental yield on a $148,000 purchase with $1,015/mo rent. 64% in year one. Equity gained on principal adds $955/yr while 5% annual appreciation supports $40,890 over five years. Portfolio math shows five-year ROI at 102.36% and total cumulative return in cash at $50,222. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,015/mo property income against a $724/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62932, Elkville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 677 (100%) |
| Owner Occupied HU | 447 (66.0%) |
| Renter Occupied HU | 129 (19.1%) |
| Vacant Housing Units | 101 (14.9%) |
| Median Home Value | $82,119 |
| Average Home Value | $102,953 |
Housing Distribution
Address Breakdown
Residential
551
Single Family
551
Multi-Family
0
Businesses
31
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Listed by: TANY STECKENRIDER • PROPERTY WITH TLC, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB459729
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.