7003 River RdIukaIL62849
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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 Iuka at 7003 River Rd, Iuka, IL, 62849 uses $94,478 cash to close to unlock $4,129/yr annual cash flow and $344/mo monthly cash flow. Total monthly income runs $2,321/mo, and a $1,395/mo payment keeps the spread at $344/mo. Purchase price stands at $285,000, and rental yield measures 9.77% with $2,321/mo rent. Return on cash invested shows 24.28% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 127.29% and total cumulative return in cash records $120,258. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,321/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1994
11.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62849, Iuka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 920 (100%) |
| Owner Occupied HU | 755 (82.1%) |
| Renter Occupied HU | 85 ( 9.2%) |
| Vacant Housing Units | 80 ( 8.7%) |
| Median Home Value | $122,782 |
| Average Home Value | $169,924 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
28
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