102 E Front StMount MorrisIL61054
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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 Mount Morris at 102 E Front St, Mount Morris, IL, 61054 priced at $145,000 converts $1,220/mo rent into $214/mo cash flow after a $710/mo obligation. Total monthly income equals $1,220/mo, and annual cash flow totals $2,567/yr on $48,068 invested. Return on cash invested prints 25.25% in year one, and rental yield reads 10.1% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 132.48% and total cumulative return in cash sums $63,680. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,220/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1958
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61054, Mount Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,164 (61.2%) |
| Renter Occupied HU | 529 (27.8%) |
| Vacant Housing Units | 210 (11.0%) |
| Median Home Value | $176,750 |
| Average Home Value | $237,317 |
Housing Distribution
Address Breakdown
Residential
1,697
Single Family
1,605
Multi-Family
92
Businesses
93
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Listed by: Jennifer Rybicki • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503856
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