835 Mill StWarsawIL62379
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Nearby investment properties with comparable prices
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 Warsaw at 835 Mill St, Warsaw, IL, 62379 offers a 8.94% rental yield on a $220,000 purchase with $1,639/mo rent. Total monthly income registers $1,639/mo, and a $1,077/mo payment leaves $113/mo available for distribution. Annual cash flow reaches $1,354/yr on $72,930 to close, and return on cash invested stands at 21.77% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 113.78% and total cumulative return in cash at $82,979. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,639/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62379, Warsaw, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,007 (100%) |
| Owner Occupied HU | 731 (72.6%) |
| Renter Occupied HU | 114 (11.3%) |
| Vacant Housing Units | 162 (16.1%) |
| Median Home Value | $116,906 |
| Average Home Value | $162,657 |
Housing Distribution
Address Breakdown
Residential
893
Single Family
885
Multi-Family
8
Businesses
61
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Listed by: Sara Sargent • Weichert Realtors-The Massimo Group
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6317940
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