888 E Erie StPalmerIL62556
Nearby investment properties with comparable rents
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 Palmer at 888 E Erie St, Palmer, IL, 62556 at $205,000 posts ROI 20.75% with $47/mo cash flow from $1,469/mo rent. Total monthly income equals $1,469/mo, and annual cash flow records $569/yr on $67,958 to close. Return on cash invested measures 20.75% and rental yield reads 8.6% at the current $205,000. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 by year five. Five-year ROI prints 108.36% and total cumulative return in cash totals $73,638.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,469/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62556, Palmer, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 181 (100%) |
| Owner Occupied HU | 119 (65.7%) |
| Renter Occupied HU | 26 (14.4%) |
| Vacant Housing Units | 36 (19.9%) |
| Median Home Value | $213,750 |
| Average Home Value | $221,008 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
95
Multi-Family
0
Businesses
6
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph B Curvey • Curvey Real Estate, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035944
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.