587 Cardinal DrVarnaIL61375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Varna at 587 Cardinal Dr, Varna, IL, 61375 offers $1,648/mo rent that, after a $1,072/mo payment, leaves $129/mo cash flow. Total monthly income is $1,648/mo, and annual cash flow is $1,546/yr on $72,599 cash. Return on cash invested measures 22.04% in year one, and rental yield stands at 9.03% at a $219,000 entry. Equity gained on principal adds $1,413/yr while 5% annual appreciation compounds into $60,506 by year five. Five-year ROI records 115.24% and total cumulative return in cash reaches $83,661. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,648/mo property income versus a $1,072/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61375, Varna, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 803 (100%) |
| Owner Occupied HU | 461 (57.4%) |
| Renter Occupied HU | 60 ( 7.5%) |
| Vacant Housing Units | 282 (35.1%) |
| Median Home Value | $174,328 |
| Average Home Value | $215,873 |
Housing Distribution
Address Breakdown
Residential
458
Single Family
458
Multi-Family
0
Businesses
24
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