605 Pike Dr EHighlandIL62249
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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 Highland at 605 Pike Dr E, Highland, IL, 62249 priced at $100,000 converts $778/mo rent into $21/mo cash flow after a $489/mo obligation. Total monthly income equals $778/mo, and annual cash flow totals $256/yr on $33,150 invested. Return on cash invested prints 20.68% in year one, and rental yield reads 9.34% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 108.9% and total cumulative return in cash sums $36,100. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $778/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1972
8,929 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62249, Highland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,148 (100%) |
| Owner Occupied HU | 5,271 (73.7%) |
| Renter Occupied HU | 1,472 (20.6%) |
| Vacant Housing Units | 405 ( 5.7%) |
| Median Home Value | $264,878 |
| Average Home Value | $300,071 |
Housing Distribution
Address Breakdown
Residential
6,867
Single Family
6,539
Multi-Family
328
Businesses
511
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Listed by: Carlee Stanley • eXp Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25022888
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