602 E Elm StNew BerlinIL62670
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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 New Berlin at 602 E Elm St, New Berlin, IL, 62670 uses $64,609 cash to close to unlock $2,509/yr annual cash flow and $209/mo monthly cash flow. Total monthly income runs $1,561/mo, and a $954/mo payment keeps the spread at $209/mo. Purchase price stands at $194,900, and rental yield measures 9.61% with $1,561/mo rent. Return on cash invested shows 23.79% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 124.72% and total cumulative return in cash records $80,583. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,561/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1972
9,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62670, New Berlin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 1,039 (79.7%) |
| Renter Occupied HU | 191 (14.6%) |
| Vacant Housing Units | 74 ( 5.7%) |
| Median Home Value | $231,404 |
| Average Home Value | $273,140 |
Housing Distribution
Address Breakdown
Residential
1,154
Single Family
1,130
Multi-Family
24
Businesses
52
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Listed by: Debra Sarsany • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1038823
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.