902 E Richardson StFarmer CityIL61842
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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 Farmer City at 902 E Richardson St, Farmer City, IL, 61842 offers a 8.04% rental yield on a $234,000 purchase with $1,568/mo rent. 6% in year one. Equity gained on principal adds $1,510/yr while 5% annual appreciation supports $64,650 over five years. Portfolio math shows five-year ROI at 81.99% and total cumulative return in cash at $63,603. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,568/mo property income against a $1,145/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61842, Farmer City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,270 (100%) |
| Owner Occupied HU | 884 (69.6%) |
| Renter Occupied HU | 249 (19.6%) |
| Vacant Housing Units | 137 (10.8%) |
| Median Home Value | $166,667 |
| Average Home Value | $203,962 |
Housing Distribution
Address Breakdown
Residential
1,166
Single Family
1,166
Multi-Family
0
Businesses
125
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Listed by: N/A • N/A
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