516 S 8th StHerrinIL62948
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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 Herrin at 516 S 8th St, Herrin, IL, 62948 generates $1,922/mo in rent and, after a $978/mo payment, leaves $536/mo in cash flow. Total monthly income is $1,922/mo, and annual cash flow is $6,430/yr on $66,267 invested. Return on cash invested sits at 29.61% in year one, and rental yield is 11.54% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 155.86% and total cumulative return in cash sums $103,285. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,922/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
6,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
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