614 W College StHarrisburgIL62946
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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 Harrisburg at 614 W College St, Harrisburg, IL, 62946 generates $1,020/mo in rent and, after a $612/mo payment, leaves $153/mo in cash flow. Total monthly income is $1,020/mo, and annual cash flow is $1,833/yr on $41,438 invested. Return on cash invested sits at 24.33% in year one, and rental yield is 9.79% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 127.58% and total cumulative return in cash sums $52,865. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62946, Harrisburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,954 (100%) |
| Owner Occupied HU | 3,629 (61.0%) |
| Renter Occupied HU | 1,463 (24.6%) |
| Vacant Housing Units | 862 (14.5%) |
| Median Home Value | $126,021 |
| Average Home Value | $149,213 |
Housing Distribution
Address Breakdown
Residential
5,385
Single Family
5,143
Multi-Family
242
Businesses
575
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Listed by: Becky Butler • ALL IN ONE REAL ESTATE CO
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB459082