615 N State StLitchfieldIL62056
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
Investment property for sale in Litchfield at 615 N State St, Litchfield, IL, 62056 uses $49,692 cash to close to unlock $5,639/yr annual cash flow and $470/mo monthly cash flow. Total monthly income runs $1,510/mo, and a $734/mo payment keeps the spread at $470/mo. Purchase price stands at $149,900, and rental yield measures 12.09% with $1,510/mo rent. Return on cash invested shows 31.26% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 164.69% and total cumulative return in cash records $81,839. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,510/mo property income covering a $734/mo payment rather than investor’s personal income.
Multi Family
Built in 1930
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62056, Litchfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,979 (100%) |
| Owner Occupied HU | 2,573 (64.7%) |
| Renter Occupied HU | 960 (24.1%) |
| Vacant Housing Units | 446 (11.2%) |
| Median Home Value | $130,117 |
| Average Home Value | $191,364 |
Housing Distribution
Address Breakdown
Residential
3,757
Single Family
3,582
Multi-Family
175
Businesses
421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A