576 N Main StPalmyraIL62674
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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 Palmyra at 576 N Main St, Palmyra, IL, 62674 earns $591/mo cash flow from $1,528/mo rent with a $661/mo payment. Total monthly income totals $1,528/mo, and annual cash flow totals $7,096/yr on $44,753 capital. ROI tracks 35.77% on current figures, and rental yield reads 13.58% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 188.91% and total cumulative return in cash sums $84,541. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,528/mo property income instead of your personal income.
Single Family
Built in 1916
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62674, Palmyra, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 488 (69.4%) |
| Renter Occupied HU | 142 (20.2%) |
| Vacant Housing Units | 73 (10.4%) |
| Median Home Value | $131,429 |
| Average Home Value | $158,858 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
579
Multi-Family
0
Businesses
31
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Listed by: Joyce Clagg • Keller Williams Capital
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1032109
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.