665 County Road 450 ENorris CityIL62869
Nearby investment properties with comparable rents
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
Investment property for sale in Norris City at 665 County Road 450 E, Norris City, IL, 62869 earns $6/mo cash flow from $1,636/mo rent with a $1,150/mo payment. Total monthly income totals $1,636/mo, and annual cash flow totals $74/yr on $77,903 capital. ROI tracks 20% on current figures, and rental yield reads 8.35% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 104.38% and total cumulative return in cash sums $81,316. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,636/mo property income instead of your personal income.
Single Family
Built in 1950
8.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62869, Norris City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,228 (100%) |
| Owner Occupied HU | 863 (70.3%) |
| Renter Occupied HU | 176 (14.3%) |
| Vacant Housing Units | 189 (15.4%) |
| Median Home Value | $133,686 |
| Average Home Value | $154,267 |
Housing Distribution
Address Breakdown
Residential
918
Single Family
918
Multi-Family
0
Businesses
70
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Cannon • The Property Shop
Mls Name: My State MLS
Mls ID: #11509241