715 Morgan StChapinIL62628
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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 Chapin at 715 Morgan St, Chapin, IL, 62628 uses $36,465 cash to close to unlock $1,061/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $851/mo, and a $538/mo payment keeps the spread at $88/mo. Purchase price stands at $110,000, and rental yield measures 9.28% with $851/mo rent. Return on cash invested shows 22.82% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 119.55% and total cumulative return in cash records $43,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $851/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62628, Chapin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 360 (100%) |
| Owner Occupied HU | 290 (80.6%) |
| Renter Occupied HU | 50 (13.9%) |
| Vacant Housing Units | 20 ( 5.6%) |
| Median Home Value | $117,788 |
| Average Home Value | $172,405 |
Housing Distribution
Address Breakdown
Residential
253
Single Family
253
Multi-Family
0
Businesses
21
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