602 W Main StWarrenIL61087
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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
Rental property for sale in Warren at 602 W Main St, Warren, IL, 61087 priced at $129,000 pairs $1,240/mo rent with $346/mo cash flow after a $631/mo payment. Total monthly income equals $1,240/mo, and annual cash flow comes to $4,147/yr on $42,764 invested. Return on cash invested is 29.61% in year one, and rental yield stands at 11.53% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. Five-year ROI measures 155.85% and total cumulative return in cash reaches $66,649. For financing, Ziffy Mortgage’s DSCR program evaluates $1,240/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61087, Warren, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 550 (69.9%) |
| Renter Occupied HU | 151 (19.2%) |
| Vacant Housing Units | 86 (10.9%) |
| Median Home Value | $99,811 |
| Average Home Value | $138,623 |
Housing Distribution
Address Breakdown
Residential
550
Single Family
535
Multi-Family
15
Businesses
69
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