705 S Cleveland StPhiloIL61864
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
Investment property for sale in Philo at 705 S Cleveland St, Philo, IL, 61864 offers a 9.34% rental yield on a $369,900 purchase with $2,880/mo rent. Total monthly income registers $2,880/mo, and a $1,810/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,777/yr on $122,622 to close, and return on cash invested stands at 22.99% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 120.34% and total cumulative return in cash at $147,562. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61864, Philo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 684 (100%) |
| Owner Occupied HU | 593 (86.7%) |
| Renter Occupied HU | 71 (10.4%) |
| Vacant Housing Units | 20 ( 2.9%) |
| Median Home Value | $257,012 |
| Average Home Value | $274,949 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
40
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