966 N 7th AveCantonIL61520
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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 Canton at 966 N 7th Ave, Canton, IL, 61520 uses $37,426 cash to close to unlock $9,246/yr annual cash flow and $771/mo monthly cash flow. Total monthly income runs $1,554/mo, and a $553/mo payment keeps the spread at $771/mo. Purchase price stands at $112,900, and rental yield measures 16.52% with $1,554/mo rent. Return on cash invested shows 44.61% in year one, and 5% annual appreciation builds toward $31,192 over five years. Five-year ROI reaches 236.36% and total cumulative return in cash records $88,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,554/mo property income covering a $553/mo payment rather than investor’s personal income.
Single Family
Built in 1967
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61520, Canton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,481 (100%) |
| Owner Occupied HU | 4,774 (63.8%) |
| Renter Occupied HU | 1,833 (24.5%) |
| Vacant Housing Units | 874 (11.7%) |
| Median Home Value | $121,170 |
| Average Home Value | $158,401 |
Housing Distribution
Address Breakdown
Residential
6,714
Single Family
6,340
Multi-Family
374
Businesses
482
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