1022 Quail DrMorrisIL60450
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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 Morris at 1022 Quail Dr, Morris, IL, 60450 generates $1,560/mo in rent and, after a $905/mo payment, leaves $277/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $3,327/yr on $61,328 invested. Return on cash invested sits at 25.33% in year one, and rental yield is 10.12% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 132.98% and total cumulative return in cash sums $81,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Multi Family
Built in 1984
2,912 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60450, Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,423 (100%) |
| Owner Occupied HU | 6,109 (64.8%) |
| Renter Occupied HU | 2,787 (29.6%) |
| Vacant Housing Units | 527 ( 5.6%) |
| Median Home Value | $303,781 |
| Average Home Value | $338,448 |
Housing Distribution
Address Breakdown
Residential
8,789
Single Family
7,660
Multi-Family
1,129
Businesses
890
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