602 N 4th AveChenoaIL61726
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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 Chenoa at 602 N 4th Ave, Chenoa, IL, 61726 uses $56,355 cash to close to unlock $8,387/yr annual cash flow and $699/mo monthly cash flow. Total monthly income runs $1,878/mo, and a $832/mo payment keeps the spread at $699/mo. Purchase price stands at $170,000, and rental yield measures 13.26% with $1,878/mo rent. Return on cash invested shows 34.79% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 183.63% and total cumulative return in cash records $103,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,878/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61726, Chenoa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 835 (72.0%) |
| Renter Occupied HU | 212 (18.3%) |
| Vacant Housing Units | 112 ( 9.7%) |
| Median Home Value | $181,250 |
| Average Home Value | $247,940 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
83
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