992 Gimlet Creek RdSparlandIL61565
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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 Sparland at 992 Gimlet Creek Rd, Sparland, IL, 61565 earns $787/mo cash flow from $2,244/mo rent with a $1,028/mo payment. Total monthly income totals $2,244/mo, and annual cash flow totals $9,447/yr on $69,615 capital. ROI tracks 33.48% on current figures, and rental yield reads 12.82% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 176.66% and total cumulative return in cash sums $122,980. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,244/mo property income instead of your personal income.
Single Family
Built in 1972
6.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61565, Sparland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 634 (100%) |
| Owner Occupied HU | 517 (81.5%) |
| Renter Occupied HU | 65 (10.3%) |
| Vacant Housing Units | 52 ( 8.2%) |
| Median Home Value | $163,313 |
| Average Home Value | $184,115 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
617
Multi-Family
0
Businesses
12
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Listed by: Troy Kerrn • Keller Williams Premier Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1252633
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.