657 N Hickory StCentraliaIL62801
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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 Centralia at 657 N Hickory St, Centralia, IL, 62801 priced at $125,000 converts $1,109/mo rent into $242/mo cash flow after a $612/mo obligation. Total monthly income equals $1,109/mo, and annual cash flow totals $2,901/yr on $41,438 invested. Return on cash invested prints 26.91% in year one, and rental yield reads 10.65% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 141.42% and total cumulative return in cash sums $58,601. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,109/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1940
7,664 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62801, Centralia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,262 (100%) |
| Owner Occupied HU | 5,699 (61.5%) |
| Renter Occupied HU | 2,379 (25.7%) |
| Vacant Housing Units | 1,184 (12.8%) |
| Median Home Value | $103,671 |
| Average Home Value | $137,404 |
Housing Distribution
Address Breakdown
Residential
8,430
Single Family
7,994
Multi-Family
436
Businesses
716
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