613 N Long StShelbyvilleIL62565
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 Shelbyville at 613 N Long St, Shelbyville, IL, 62565 offers $880/mo rent that, after a $551/mo payment, leaves $99/mo cash flow. Total monthly income is $880/mo, and annual cash flow is $1,192/yr on $37,294 cash. Return on cash invested measures 23.1% in year one, and rental yield stands at 9.39% at a $112,500 entry. Equity gained on principal adds $726/yr while 5% annual appreciation compounds into $31,082 by year five. Five-year ROI records 121.09% and total cumulative return in cash reaches $45,160. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $880/mo property income versus a $551/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62565, Shelbyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,421 (66.5%) |
| Renter Occupied HU | 797 (21.9%) |
| Vacant Housing Units | 422 (11.6%) |
| Median Home Value | $172,283 |
| Average Home Value | $222,582 |
Housing Distribution
Address Breakdown
Residential
3,282
Single Family
3,187
Multi-Family
95
Businesses
314
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Listed by: Cheyenne Pieszchalski • Glenda Williamson Realty - Shelbyville
Mls Name: CIBR
Mls Provider:
Mls ID: #6247923
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.