657 E 6th StNeogaIL62447
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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 Neoga at 657 E 6th St, Neoga, IL, 62447 earns $803/mo cash flow from $2,322/mo rent with a $1,072/mo payment. Total monthly income totals $2,322/mo, and annual cash flow totals $9,634/yr on $72,599 capital. ROI tracks 33.18% on current figures, and rental yield reads 12.72% at a $219,000 purchase. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 over five years. Five-year ROI reaches 174.97% and total cumulative return in cash sums $127,029. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,322/mo property income instead of your personal income.
Single Family
Built in 1971
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62447, Neoga, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,490 (100%) |
| Owner Occupied HU | 1,091 (73.2%) |
| Renter Occupied HU | 180 (12.1%) |
| Vacant Housing Units | 219 (14.7%) |
| Median Home Value | $177,885 |
| Average Home Value | $222,193 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,200
Multi-Family
0
Businesses
68
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