8512 Albany RdErieIL61250
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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 Erie at 8512 Albany Rd, Erie, IL, 61250 listed at $365,000 pairs $2,047/mo rent with a $1,786/mo payment. Total monthly income runs $2,047/mo. Return on cash invested measures 15.11% in year one, and rental yield registers 6.73% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 78.08% and total cumulative return in cash totals $94,471. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,047/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
5.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61250, Erie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,101 (100%) |
| Owner Occupied HU | 848 (77.0%) |
| Renter Occupied HU | 175 (15.9%) |
| Vacant Housing Units | 78 ( 7.1%) |
| Median Home Value | $170,152 |
| Average Home Value | $206,657 |
Housing Distribution
Address Breakdown
Residential
841
Single Family
841
Multi-Family
0
Businesses
71
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Listed by: Becky Blackert • Mel Foster Co. Geneseo
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263067
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.