6506 N Smith RdEdwardsIL61528
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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 Edwards at 6506 N Smith Rd, Edwards, IL, 61528 generates $4,787/mo in rent and, after a $2,296/mo payment, leaves $1,533/mo in cash flow. Total monthly income is $4,787/mo, and annual cash flow is $18,401/yr on $155,474 invested. Return on cash invested sits at 31.74% in year one, and rental yield is 12.25% on a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 167.3% and total cumulative return in cash sums $260,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,787/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61528, Edwards, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,186 (100%) |
| Owner Occupied HU | 893 (75.3%) |
| Renter Occupied HU | 236 (19.9%) |
| Vacant Housing Units | 57 ( 4.8%) |
| Median Home Value | $359,302 |
| Average Home Value | $366,531 |
Housing Distribution
Address Breakdown
Residential
1,154
Single Family
1,154
Multi-Family
0
Businesses
73
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Listed by: Clint Peterson • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1253063
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.