716 W 3rd StKewaneeIL61443
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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 Kewanee at 716 W 3rd St, Kewanee, IL, 61443 uses $48,896 cash to close to unlock $6,562/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $1,570/mo, and a $722/mo payment keeps the spread at $547/mo. Purchase price stands at $147,500, and rental yield measures 12.77% with $1,570/mo rent. Return on cash invested shows 33.33% in year one, and 5% annual appreciation builds toward $40,752 over five years. Five-year ROI reaches 175.82% and total cumulative return in cash records $85,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,570/mo property income covering a $722/mo payment rather than investor’s personal income.
Multi Family
Built in 1907
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61443, Kewanee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,351 (100%) |
| Owner Occupied HU | 4,022 (63.3%) |
| Renter Occupied HU | 1,568 (24.7%) |
| Vacant Housing Units | 761 (12.0%) |
| Median Home Value | $86,468 |
| Average Home Value | $130,548 |
Housing Distribution
Address Breakdown
Residential
5,804
Single Family
5,476
Multi-Family
328
Businesses
437
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