918 Main StLernaIL62440
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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 Lerna at 918 Main St, Lerna, IL, 62440 earns $85/mo cash flow from $1,333/mo rent with a $881/mo payment. Total monthly income totals $1,333/mo, and annual cash flow totals $1,014/yr on $59,670 capital. ROI tracks 21.61% on current figures, and rental yield reads 8.89% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 112.99% and total cumulative return in cash sums $67,421. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,333/mo property income instead of your personal income.
Single Family
Built in 1920
1.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62440, Lerna, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 609 (100%) |
| Owner Occupied HU | 480 (78.8%) |
| Renter Occupied HU | 59 ( 9.7%) |
| Vacant Housing Units | 70 (11.5%) |
| Median Home Value | $241,667 |
| Average Home Value | $237,807 |
Housing Distribution
Address Breakdown
Residential
420
Single Family
420
Multi-Family
0
Businesses
29
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