1018 W 3rd StSpring ValleyIL61362
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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 Spring Valley at 1018 W 3rd St, Spring Valley, IL, 61362 generates $1,774/mo in rent, after a $1,272/mo payment. Total monthly income is $1,774/mo. Return on cash invested sits at 18.59% in year one, and rental yield is 8.19% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 97.12% and total cumulative return in cash sums $83,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,774/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61362, Spring Valley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,640 (100%) |
| Owner Occupied HU | 1,656 (62.7%) |
| Renter Occupied HU | 756 (28.6%) |
| Vacant Housing Units | 228 ( 8.6%) |
| Median Home Value | $150,794 |
| Average Home Value | $162,109 |
Housing Distribution
Address Breakdown
Residential
2,534
Single Family
2,366
Multi-Family
168
Businesses
171
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Listed by: Bonnie Lester • Coldwell Banker Today's
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503497
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.