723 Prairie Lake DrShermanIL62684
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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 Sherman at 723 Prairie Lake Dr, Sherman, IL, 62684 listed at $1,199,000 pairs $8,963/mo rent with a $5,869/mo payment to leave $646/mo cash flow. Total monthly income runs $8,963/mo, and annual cash flow reaches $7,752/yr on $388,476 cash to close. Return on cash invested measures 22.37% in year one, and rental yield registers 8.97% at a $1,199,000 basis. Equity gained on principal adds $7,737/yr, and annual property appreciation at 5% supports $331,262 by year five. Five-year ROI tracks 116.93% and total cumulative return in cash totals $454,233. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,963/mo property income relative to a $5,869/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2017
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62684, Sherman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,745 (86.0%) |
| Renter Occupied HU | 195 ( 9.6%) |
| Vacant Housing Units | 90 ( 4.4%) |
| Median Home Value | $308,183 |
| Average Home Value | $349,736 |
Housing Distribution
Address Breakdown
Residential
2,080
Single Family
2,080
Multi-Family
0
Businesses
109
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Listed by: Jerry George • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1020989
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.