702 N Main StParisIL61944
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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 Paris at 702 N Main St, Paris, IL, 61944 priced at $124,000 pairs $0/mo rent with after a $607/mo payment. Total monthly income equals $0/mo. Return on cash invested is -5.2% in year one, and rental yield stands at 0% on a $124,000 basis. Equity gained on principal adds $800/yr, and 5% annual appreciation accumulates to $34,259 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $607/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.26 Acres 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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