605 Lynne StVirdenIL62690
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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 Virden at 605 Lynne St, Virden, IL, 62690 at $194,000 posts ROI 35.45% with $833/mo cash flow from $2,179/mo rent. Total monthly income equals $2,179/mo, and annual cash flow records $9,995/yr on $64,311 to close. Return on cash invested measures 35.45% and rental yield reads 13.48% at the current $194,000. Equity gained on principal adds $1,252/yr, and 5% annual appreciation supports $53,599 by year five. Five-year ROI prints 187.15% and total cumulative return in cash totals $120,356.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,179/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62690, Virden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,210 (65.2%) |
| Renter Occupied HU | 423 (22.8%) |
| Vacant Housing Units | 223 (12.0%) |
| Median Home Value | $114,819 |
| Average Home Value | $148,977 |
Housing Distribution
Address Breakdown
Residential
1,674
Single Family
1,656
Multi-Family
18
Businesses
143
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Listed by: Lori M Smith • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1031392
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.