607 N Van Buren StSullivanIL61951
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sullivan at 607 N Van Buren St, Sullivan, IL, 61951 offers $702/mo rent that, after a $827/mo payment. Total monthly income is $702/mo. Return on cash invested measures 9.84% in year one, and rental yield stands at 4.98% at a $169,000 entry. Equity gained on principal adds $1,091/yr while 5% annual appreciation compounds into $46,692 by year five. Five-year ROI records 49.83% and total cumulative return in cash reaches $27,919. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $702/mo property income versus a $827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61951, Sullivan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,381 (100%) |
| Owner Occupied HU | 2,315 (68.5%) |
| Renter Occupied HU | 783 (23.2%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $145,991 |
| Average Home Value | $206,197 |
Housing Distribution
Address Breakdown
Residential
3,304
Single Family
3,220
Multi-Family
84
Businesses
310
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices