662 N Main StWayne CityIL62895
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Nearby investment properties with comparable prices
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 Wayne City at 662 N Main St, Wayne City, IL, 62895 priced at $151,500 pairs $1,934/mo rent with $883/mo cash flow after a $742/mo payment. Total monthly income equals $1,934/mo, and annual cash flow comes to $10,592/yr on $50,222 invested. Return on cash invested is 41% in year one, and rental yield stands at 15.32% on a $151,500 basis. Equity gained on principal adds $978/yr, and 5% annual appreciation accumulates to $41,857 by year five. Five-year ROI measures 216.95% and total cumulative return in cash reaches $108,957. For financing, Ziffy Mortgage’s DSCR program evaluates $1,934/mo property income against a $742/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62895, Wayne City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 779 (100%) |
| Owner Occupied HU | 546 (70.1%) |
| Renter Occupied HU | 141 (18.1%) |
| Vacant Housing Units | 92 (11.8%) |
| Median Home Value | $136,111 |
| Average Home Value | $151,740 |
Housing Distribution
Address Breakdown
Residential
699
Single Family
669
Multi-Family
30
Businesses
57
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A