7737 N 500th StAltamontIL62411
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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 Altamont at 7737 N 500th St, Altamont, IL, 62411 listed at $349,900 pairs $0/mo rent with a $1,713/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -5.2% in year one, and rental yield registers 0% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1986
10.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62411, Altamont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,946 (100%) |
| Owner Occupied HU | 1,455 (74.8%) |
| Renter Occupied HU | 326 (16.8%) |
| Vacant Housing Units | 165 ( 8.5%) |
| Median Home Value | $164,718 |
| Average Home Value | $241,765 |
Housing Distribution
Address Breakdown
Residential
1,800
Single Family
1,745
Multi-Family
55
Businesses
167
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No similar rental properties found nearby.
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Listed by: Adam Mollett • Seven Oaks Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25049976
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