627 E Grove AveRantoulIL61866
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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 Rantoul at 627 E Grove Ave, Rantoul, IL, 61866 generates $866/mo in rent and, after a $543/mo payment, leaves $96/mo in cash flow. Total monthly income is $866/mo, and annual cash flow is $1,156/yr on $36,797 invested. Return on cash invested sits at 23.05% in year one, and rental yield is 9.36% on a $111,000 entry. Equity gained on principal adds $716/yr, while 5% annual appreciation builds toward $30,667 over five years. Five-year ROI reaches 120.77% and total cumulative return in cash sums $44,438. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $866/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61866, Rantoul, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,195 (100%) |
| Owner Occupied HU | 3,003 (48.5%) |
| Renter Occupied HU | 2,516 (40.6%) |
| Vacant Housing Units | 676 (10.9%) |
| Median Home Value | $130,914 |
| Average Home Value | $163,816 |
Housing Distribution
Address Breakdown
Residential
5,881
Single Family
5,499
Multi-Family
382
Businesses
424
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