7 Prahls DrNeogaIL62447
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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 Neoga at 7 Prahls Dr, Neoga, IL, 62447 priced at $470,600 converts $2,645/mo rent into after a $2,303/mo obligation. Total monthly income equals $2,645/mo. Return on cash invested prints 15.15% in year one, and rental yield reads 6.74% against a $470,600 entry. Equity gained on principal adds $3,037/yr, while 5% annual appreciation compiles into $130,018 by year five. Five-year ROI reaches 78.32% and total cumulative return in cash sums $122,177. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,645/mo property income covering a $2,303/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.68 Acres 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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