516 Nottingham DrTroyIL62294
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Troy at 516 Nottingham Dr, Troy, IL, 62294 priced at $384,900 converts $2,758/mo rent into $88/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,758/mo, and annual cash flow totals $1,058/yr on $127,594 invested. Return on cash invested prints 20.74% in year one, and rental yield reads 8.6% against a $384,900 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,341 by year five. Five-year ROI reaches 108.3% and total cumulative return in cash sums $138,183. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,758/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62294, Troy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,266 (100%) |
| Owner Occupied HU | 4,801 (76.6%) |
| Renter Occupied HU | 1,178 (18.8%) |
| Vacant Housing Units | 287 ( 4.6%) |
| Median Home Value | $288,039 |
| Average Home Value | $330,237 |
Housing Distribution
Address Breakdown
Residential
6,258
Single Family
6,098
Multi-Family
160
Businesses
360
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