880 Old Tipton School RdShermanIL62684
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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 Sherman at 880 Old Tipton School Rd, Sherman, IL, 62684 offers a 6.27% rental yield on a $440,000 purchase with $2,298/mo rent. 7% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 70.55% and total cumulative return in cash at $102,898. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,298/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
2.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62684, Sherman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,745 (86.0%) |
| Renter Occupied HU | 195 ( 9.6%) |
| Vacant Housing Units | 90 ( 4.4%) |
| Median Home Value | $308,183 |
| Average Home Value | $349,736 |
Housing Distribution
Address Breakdown
Residential
2,080
Single Family
2,080
Multi-Family
0
Businesses
109
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Listed by: Larry Sapp • Lincoln Land Homes Keller Wiliams
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037449
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.