617 E Eureka AveEurekaIL61530
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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 Eureka at 617 E Eureka Ave, Eureka, IL, 61530 offers a 11% rental yield on a $156,700 purchase with $1,436/mo rent. Total monthly income registers $1,436/mo, and a $767/mo payment leaves $349/mo available for distribution. Annual cash flow reaches $4,189/yr on $51,946 to close, and return on cash invested stands at 27.97% in year one. Equity gained on principal adds $1,011/yr while 5% annual appreciation supports $43,293 over five years. Portfolio math shows five-year ROI at 147.15% and total cumulative return in cash at $76,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,436/mo property income against a $767/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
10,710 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61530, Eureka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,631 (100%) |
| Owner Occupied HU | 1,847 (70.2%) |
| Renter Occupied HU | 618 (23.5%) |
| Vacant Housing Units | 166 ( 6.3%) |
| Median Home Value | $182,292 |
| Average Home Value | $212,197 |
Housing Distribution
Address Breakdown
Residential
2,547
Single Family
2,413
Multi-Family
134
Businesses
233
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