702 E Blackburn StParisIL61944
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Paris at 702 E Blackburn St, Paris, IL, 61944 offers $1,399/mo rent that, after a $641/mo payment, leaves $491/mo cash flow. Total monthly income is $1,399/mo, and annual cash flow is $5,889/yr on $43,393 cash. Return on cash invested measures 33.48% in year one, and rental yield stands at 12.83% at a $130,900 entry. Equity gained on principal adds $845/yr while 5% annual appreciation compounds into $36,165 by year five. Five-year ROI records 176.62% and total cumulative return in cash reaches $76,641. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,399/mo property income versus a $641/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61944, Paris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,807 (100%) |
| Owner Occupied HU | 3,581 (61.7%) |
| Renter Occupied HU | 1,458 (25.1%) |
| Vacant Housing Units | 768 (13.2%) |
| Median Home Value | $108,259 |
| Average Home Value | $141,269 |
Housing Distribution
Address Breakdown
Residential
5,242
Single Family
5,151
Multi-Family
91
Businesses
440
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