960 W Section Line RdWayne CityIL62895
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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
Rental property for sale in Wayne City at 960 W Section Line Rd, Wayne City, IL, 62895 generates $1,309/mo in rent, after a $1,689/mo payment. Total monthly income is $1,309/mo. Return on cash invested sits at 8.53% in year one, and rental yield is 4.55% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 42.81% and total cumulative return in cash sums $48,964. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,309/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
9.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62895, Wayne City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 779 (100%) |
| Owner Occupied HU | 546 (70.1%) |
| Renter Occupied HU | 141 (18.1%) |
| Vacant Housing Units | 92 (11.8%) |
| Median Home Value | $136,111 |
| Average Home Value | $151,740 |
Housing Distribution
Address Breakdown
Residential
699
Single Family
669
Multi-Family
30
Businesses
57
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Listed by: Mitzie Cantrell • Pollard Realty
Mls Name: My State MLS
Mls ID: #11634456