524 6th StAndoverIL61233
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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 Andover at 524 6th St, Andover, IL, 61233 earns $402/mo cash flow from $1,998/mo rent with a $1,126/mo payment. Total monthly income totals $1,998/mo, and annual cash flow totals $4,829/yr on $76,245 capital. ROI tracks 26.24% on current figures, and rental yield reads 10.42% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 137.82% and total cumulative return in cash sums $105,079. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,998/mo property income instead of your personal income.
Single Family
Built in 2011
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61233, Andover, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 206 (100%) |
| Owner Occupied HU | 174 (84.5%) |
| Renter Occupied HU | 21 (10.2%) |
| Vacant Housing Units | 11 ( 5.3%) |
| Median Home Value | $180,556 |
| Average Home Value | $183,649 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
8
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