978 County Road 1400 Rd NLernaIL62440
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Total monthly income runs $0/mo, and a $1,394/mo payment. Purchase price stands at $284,900, and rental yield measures 0% with $0/mo rent. Return on cash invested shows -5.19% in year one, and 5% annual appreciation builds toward $78,713 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $0/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Single Family
Built in 1970
5.37 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
