6543 Smith RdVirginiaIL62691
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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 Virginia at 6543 Smith Rd, Virginia, IL, 62691 priced at $429,000 converts $2,832/mo rent into after a $2,100/mo obligation. Total monthly income equals $2,832/mo. Return on cash invested prints 18.69% in year one, and rental yield reads 7.92% against a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 97.34% and total cumulative return in cash sums $138,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,832/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Manufactured
Built in 2002
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62691, Virginia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,089 (100%) |
| Owner Occupied HU | 762 (70.0%) |
| Renter Occupied HU | 187 (17.2%) |
| Vacant Housing Units | 140 (12.9%) |
| Median Home Value | $129,412 |
| Average Home Value | $193,094 |
Housing Distribution
Address Breakdown
Residential
1,007
Single Family
1,001
Multi-Family
6
Businesses
84
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