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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Oakland at 607 N Walnut St, Oakland, IL, 61943 offers a 0% rental yield on a $147,500 purchase with $0/mo rent. 2% in year one. Equity gained on principal adds $952/yr while 5% annual appreciation supports $40,752 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $722/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 61943, Oakland, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 728 (100%) |
| Owner Occupied HU | 522 (71.7%) |
| Renter Occupied HU | 103 (14.1%) |
| Vacant Housing Units | 103 (14.1%) |
| Median Home Value | $108,214 |
| Average Home Value | $152,711 |
Residential
498
Single Family
498
Multi-Family
0
Businesses
55
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $147,500 |
| 2024-07-30 | Sold | $132,000 |
| 2024-07-11 | Pending sale | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-01 | $1855.90 | 40.18% | $32,541 | 28.67% |
| 2022-04-01 | $1323.90 | 6.89% | $25,290 | 10.65% |
| 2021-04-01 | $1238.62 | -0.42% | $22,856 | N/A |
No similar rental properties found nearby.
Listed by: Caryn Happ • KELLER WILLIAMS-TREC
Mls Name: CIBR
Mls Provider:
Mls ID: #6251266
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.
