607 E Virginia AveEffinghamIL62401
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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 Effingham at 607 E Virginia Ave, Effingham, IL, 62401 priced at $250,000 converts $2,903/mo rent into $1,169/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,903/mo, and annual cash flow totals $14,023/yr on $82,875 invested. Return on cash invested prints 36.83% in year one, and rental yield reads 13.93% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 194.59% and total cumulative return in cash sums $161,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,903/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1952
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62401, Effingham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 6,146 (66.8%) |
| Renter Occupied HU | 2,299 (25.0%) |
| Vacant Housing Units | 757 ( 8.2%) |
| Median Home Value | $210,470 |
| Average Home Value | $274,778 |
Housing Distribution
Address Breakdown
Residential
8,722
Single Family
8,101
Multi-Family
621
Businesses
1,297
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