705 W Park StThomasboroIL61878
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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
Investment property for sale in Thomasboro at 705 W Park St, Thomasboro, IL, 61878 uses $41,404 cash to close to unlock $960/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $946/mo, and a $611/mo payment keeps the spread at $80/mo. Purchase price stands at $124,900, and rental yield measures 9.09% with $946/mo rent. Return on cash invested shows 22.23% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 116.24% and total cumulative return in cash records $48,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $946/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1996
7,670 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61878, Thomasboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 412 (62.7%) |
| Renter Occupied HU | 178 (27.1%) |
| Vacant Housing Units | 67 (10.2%) |
| Median Home Value | $131,061 |
| Average Home Value | $191,468 |
Housing Distribution
Address Breakdown
Residential
491
Single Family
491
Multi-Family
0
Businesses
30
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Listed by: Nate Evans • eXp Realty-Mahomet
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12437444