7 Chamnesstown RdElkvilleIL62932
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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 Elkville at 7 Chamnesstown Rd, Elkville, IL, 62932 with 5% annual appreciation on a $149,000 basis while $1,171/mo rent supports operations. Total monthly income totals $1,171/mo and a $729/mo payment preserves $138/mo for cash returns. Annual cash flow comes to $1,653/yr on $49,394 deployed, and return on cash invested reaches 23.26% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 9.43%. Five-year ROI measures 121.77% and total cumulative return in cash totals $60,148.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,171/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62932, Elkville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 677 (100%) |
| Owner Occupied HU | 447 (66.0%) |
| Renter Occupied HU | 129 (19.1%) |
| Vacant Housing Units | 101 (14.9%) |
| Median Home Value | $82,119 |
| Average Home Value | $102,953 |
Housing Distribution
Address Breakdown
Residential
551
Single Family
551
Multi-Family
0
Businesses
31
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