522 N 3rd AveChenoaIL61726
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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 Chenoa at 522 N 3rd Ave, Chenoa, IL, 61726 generates $1,647/mo in rent and, after a $563/mo payment, leaves $849/mo in cash flow. Total monthly income is $1,647/mo, and annual cash flow is $10,190/yr on $38,123 invested. Return on cash invested sits at 46.64% in year one, and rental yield is 17.19% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 247.28% and total cumulative return in cash sums $94,269. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,647/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
8,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61726, Chenoa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 835 (72.0%) |
| Renter Occupied HU | 212 (18.3%) |
| Vacant Housing Units | 112 ( 9.7%) |
| Median Home Value | $181,250 |
| Average Home Value | $247,940 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
83
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Listed by: Marti Ryan • Vesta Real Estate LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12400844
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)