537 N 2nd StGirardIL62640
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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 Girard at 537 N 2nd St, Girard, IL, 62640 uses $62,952 cash to close to unlock $3,363/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,597/mo, and a $929/mo payment keeps the spread at $280/mo. Purchase price stands at $189,900, and rental yield measures 10.09% with $1,597/mo rent. Return on cash invested shows 25.25% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 132.55% and total cumulative return in cash records $83,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,597/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62640, Girard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,769 (100%) |
| Owner Occupied HU | 1,192 (67.4%) |
| Renter Occupied HU | 311 (17.6%) |
| Vacant Housing Units | 266 (15.0%) |
| Median Home Value | $168,254 |
| Average Home Value | $205,048 |
Housing Distribution
Address Breakdown
Residential
1,545
Single Family
1,516
Multi-Family
29
Businesses
79
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Listed by: Todd M Musso • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1033453
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.