797 State Route 29SparlandIL61565
Nearby investment properties with comparable rents
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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 Sparland at 797 State Route 29, Sparland, IL, 61565 listed at $395,000 pairs $2,647/mo rent with a $1,933/mo payment. Total monthly income runs $2,647/mo. Return on cash invested measures 19.06% in year one, and rental yield registers 8.04% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 99.29% and total cumulative return in cash totals $130,014. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,647/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2014
17.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61565, Sparland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 634 (100%) |
| Owner Occupied HU | 517 (81.5%) |
| Renter Occupied HU | 65 (10.3%) |
| Vacant Housing Units | 52 ( 8.2%) |
| Median Home Value | $163,313 |
| Average Home Value | $184,115 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
617
Multi-Family
0
Businesses
12
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