610 College StLernaIL62440
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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 Lerna at 610 College St, Lerna, IL, 62440 offers a 0% rental yield on a $127,500 purchase with $0/mo rent. 2% in year one. Equity gained on principal adds $823/yr while 5% annual appreciation supports $35,226 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62440, Lerna, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 609 (100%) |
| Owner Occupied HU | 480 (78.8%) |
| Renter Occupied HU | 59 ( 9.7%) |
| Vacant Housing Units | 70 (11.5%) |
| Median Home Value | $241,667 |
| Average Home Value | $237,807 |
Housing Distribution
Address Breakdown
Residential
420
Single Family
420
Multi-Family
0
Businesses
29
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No similar rental properties found nearby.
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