721 E Lafayette StRushvilleIL62681
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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
Rental property for sale in Rushville at 721 E Lafayette St, Rushville, IL, 62681 offers $1,183/mo rent that, after a $635/mo payment, leaves $216/mo cash flow. Total monthly income is $1,183/mo, and annual cash flow is $2,588/yr on $42,980 cash. Return on cash invested measures 25.93% in year one, and rental yield stands at 10.95% at a $129,654 entry. Equity gained on principal adds $837/yr while 5% annual appreciation compounds into $35,821 by year five. Five-year ROI records 136.84% and total cumulative return in cash reaches $58,814. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,183/mo property income versus a $635/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62681, Rushville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,416 (100%) |
| Owner Occupied HU | 1,589 (65.8%) |
| Renter Occupied HU | 455 (18.8%) |
| Vacant Housing Units | 372 (15.4%) |
| Median Home Value | $120,109 |
| Average Home Value | $152,086 |
Housing Distribution
Address Breakdown
Residential
2,190
Single Family
2,159
Multi-Family
31
Businesses
227
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