703 E Washington StTolonoIL61880
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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 Tolono at 703 E Washington St, Tolono, IL, 61880 priced at $350,000 converts $2,299/mo rent into after a $1,713/mo obligation. Total monthly income equals $2,299/mo. Return on cash invested prints 18.58% in year one, and rental yield reads 7.88% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 96.7% and total cumulative return in cash sums $112,202. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,299/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61880, Tolono, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,754 (100%) |
| Owner Occupied HU | 1,324 (75.5%) |
| Renter Occupied HU | 333 (19.0%) |
| Vacant Housing Units | 97 ( 5.5%) |
| Median Home Value | $232,615 |
| Average Home Value | $237,608 |
Housing Distribution
Address Breakdown
Residential
1,447
Single Family
1,447
Multi-Family
0
Businesses
59
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