702 N Oakwood StEffinghamIL62401
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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 Effingham at 702 N Oakwood St, Effingham, IL, 62401 priced at $208,000 pairs $2,454/mo rent with $894/mo cash flow after a $1,018/mo payment. Total monthly income equals $2,454/mo, and annual cash flow comes to $10,730/yr on $68,952 invested. Return on cash invested is 35.47% in year one, and rental yield stands at 14.16% on a $208,000 basis. Equity gained on principal adds $1,342/yr, and 5% annual appreciation accumulates to $57,467 by year five. Five-year ROI measures 188.08% and total cumulative return in cash reaches $129,684. For financing, Ziffy Mortgage’s DSCR program evaluates $2,454/mo property income against a $1,018/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62401, Effingham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 6,146 (66.8%) |
| Renter Occupied HU | 2,299 (25.0%) |
| Vacant Housing Units | 757 ( 8.2%) |
| Median Home Value | $210,470 |
| Average Home Value | $274,778 |
Housing Distribution
Address Breakdown
Residential
8,722
Single Family
8,101
Multi-Family
621
Businesses
1,297
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