701 E 9th 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 701 E 9th St, Kewanee, IL, 61443 generates $987/mo in rent and, after a $631/mo payment, leaves $93/mo in cash flow. Total monthly income is $987/mo, and annual cash flow is $1,111/yr on $42,764 invested. Return on cash invested sits at 22.51% in year one, and rental yield is 9.18% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 117.8% and total cumulative return in cash sums $50,377. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $987/mo property income rather than buyer’s personal income.
Single Family
Built in 1907
0.51 Acres 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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