700 S Main StKewaneeIL61443
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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 Kewanee at 700 S Main St, Kewanee, IL, 61443 priced at $118,000 pairs $947/mo rent with $128/mo cash flow after a $578/mo payment. Total monthly income equals $947/mo, and annual cash flow comes to $1,537/yr on $39,117 invested. Return on cash invested is 23.84% in year one, and rental yield stands at 9.63% on a $118,000 basis. Equity gained on principal adds $761/yr, and 5% annual appreciation accumulates to $32,601 by year five. Five-year ROI measures 125.02% and total cumulative return in cash reaches $48,903. For financing, Ziffy Mortgage’s DSCR program evaluates $947/mo property income against a $578/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1929
6,656 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61443, Kewanee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,351 (100%) |
| Owner Occupied HU | 4,022 (63.3%) |
| Renter Occupied HU | 1,568 (24.7%) |
| Vacant Housing Units | 761 (12.0%) |
| Median Home Value | $86,468 |
| Average Home Value | $130,548 |
Housing Distribution
Address Breakdown
Residential
5,804
Single Family
5,476
Multi-Family
328
Businesses
437
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Listed by: Dianne DeDecker • Mel Foster Co. Kewanee
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4259470
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.