9379 Illini LnPalmyraIL62674
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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 Palmyra at 9379 Illini Ln, Palmyra, IL, 62674 uses $105,500 cash to close to unlock $15,603/yr annual cash flow and $1,300/mo monthly cash flow. Total monthly income runs $3,508/mo, and a $1,558/mo payment keeps the spread at $1,300/mo. Purchase price stands at $318,250, and rental yield measures 13.23% with $3,508/mo rent. Return on cash invested shows 34.7% in year one, and 5% annual appreciation builds toward $87,927 over five years. Five-year ROI reaches 183.17% and total cumulative return in cash records $193,242. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,508/mo property income covering a $1,558/mo payment rather than investor’s personal income.
Single Family
Built in 2020
15.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62674, Palmyra, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 488 (69.4%) |
| Renter Occupied HU | 142 (20.2%) |
| Vacant Housing Units | 73 (10.4%) |
| Median Home Value | $131,429 |
| Average Home Value | $158,858 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
579
Multi-Family
0
Businesses
31
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Listed by: Joyce Clagg • Keller Williams Capital
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1030804
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.