801 N Parkview StEffinghamIL62401
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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 Effingham at 801 N Parkview St, Effingham, IL, 62401 uses $67,958 cash to close to unlock $14,765/yr annual cash flow and $1,230/mo monthly cash flow. Total monthly income runs $2,652/mo, and a $1,003/mo payment keeps the spread at $1,230/mo. Purchase price stands at $205,000, and rental yield measures 15.52% with $2,652/mo rent. Return on cash invested shows 41.64% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 220.36% and total cumulative return in cash records $149,754. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,652/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62401, Effingham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 6,146 (66.8%) |
| Renter Occupied HU | 2,299 (25.0%) |
| Vacant Housing Units | 757 ( 8.2%) |
| Median Home Value | $210,470 |
| Average Home Value | $274,778 |
Housing Distribution
Address Breakdown
Residential
8,722
Single Family
8,101
Multi-Family
621
Businesses
1,297
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