715 W Broadway StSpartaIL62286
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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 Sparta at 715 W Broadway St, Sparta, IL, 62286 earns from $1,284/mo rent with a $1,224/mo payment. Total monthly income totals $1,284/mo. ROI tracks 13.39% on current figures, and rental yield reads 6.16% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 68.86% and total cumulative return in cash sums $57,070. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,284/mo property income instead of your personal income.
Multi Family
Built in 1978
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62286, Sparta, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,840 (100%) |
| Owner Occupied HU | 1,735 (61.1%) |
| Renter Occupied HU | 676 (23.8%) |
| Vacant Housing Units | 429 (15.1%) |
| Median Home Value | $145,807 |
| Average Home Value | $178,012 |
Housing Distribution
Address Breakdown
Residential
2,512
Single Family
2,427
Multi-Family
85
Businesses
289
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Listed by: Leah Austin • RE/MAX Preferred
Mls Name: MARIS
Mls Provider:
Mls ID: #24036652
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