724 N Elm StHopedaleIL61747
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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 Hopedale at 724 N Elm St, Hopedale, IL, 61747 uses $67,958 cash to close to unlock $6,485/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $1,962/mo, and a $1,003/mo payment keeps the spread at $540/mo. Purchase price stands at $205,000, and rental yield measures 11.48% with $1,962/mo rent. Return on cash invested shows 29.45% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 155.03% and total cumulative return in cash records $105,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,962/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61747, Hopedale, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 462 (79.5%) |
| Renter Occupied HU | 79 (13.6%) |
| Vacant Housing Units | 40 ( 6.9%) |
| Median Home Value | $251,190 |
| Average Home Value | $246,466 |
Housing Distribution
Address Breakdown
Residential
360
Single Family
360
Multi-Family
0
Businesses
48
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