650 Cooper StHamiltonIL62341
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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 Hamilton at 650 Cooper St, Hamilton, IL, 62341 offers $630/mo rent that, after a $1,125/mo payment. Total monthly income is $630/mo. Return on cash invested measures 4.65% in year one, and rental yield stands at 3.29% at a $229,900 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,517 by year five. Five-year ROI records 22.01% and total cumulative return in cash reaches $16,775. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $630/mo property income versus a $1,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62341, Hamilton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,597 (100%) |
| Owner Occupied HU | 1,155 (72.3%) |
| Renter Occupied HU | 275 (17.2%) |
| Vacant Housing Units | 167 (10.5%) |
| Median Home Value | $121,282 |
| Average Home Value | $154,574 |
Housing Distribution
Address Breakdown
Residential
1,480
Single Family
1,471
Multi-Family
9
Businesses
109
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Listed by: Tammy Panther • Weichert Realtors-The Peevler Team
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6320692
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.