533 E Prairie StVirdenIL62690
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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 Virden at 533 E Prairie St, Virden, IL, 62690 generates $1,263/mo in rent and, after a $795/mo payment, leaves $136/mo in cash flow. Total monthly income is $1,263/mo, and annual cash flow is $1,635/yr on $53,869 invested. Return on cash invested sits at 22.94% in year one, and rental yield is 9.33% on a $162,500 entry. Equity gained on principal adds $1,049/yr, while 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 120.15% and total cumulative return in cash sums $64,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,263/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62690, Virden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,210 (65.2%) |
| Renter Occupied HU | 423 (22.8%) |
| Vacant Housing Units | 223 (12.0%) |
| Median Home Value | $114,819 |
| Average Home Value | $148,977 |
Housing Distribution
Address Breakdown
Residential
1,674
Single Family
1,656
Multi-Family
18
Businesses
143
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Listed by: Todd M Musso • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1034260
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.