827 Longfellow AveWood RiverIL62095
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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
Rental property for sale in Wood River at 827 Longfellow Ave, Wood River, IL, 62095 priced at $159,900 converts $1,247/mo rent into $138/mo cash flow after a $783/mo obligation. Total monthly income equals $1,247/mo, and annual cash flow totals $1,650/yr on $53,007 invested. Return on cash invested prints 23.02% in year one, and rental yield reads 9.36% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 120.58% and total cumulative return in cash sums $63,918. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,247/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1940
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62095, Wood River, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,283 (100%) |
| Owner Occupied HU | 3,376 (63.9%) |
| Renter Occupied HU | 1,490 (28.2%) |
| Vacant Housing Units | 417 ( 7.9%) |
| Median Home Value | $121,172 |
| Average Home Value | $169,213 |
Housing Distribution
Address Breakdown
Residential
4,862
Single Family
4,579
Multi-Family
283
Businesses
361
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Listed by: Lisa Barnhart • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25076697