103 E Lincoln 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 103 E Lincoln St, Mount Morris, IL, 61054 priced at $113,350 pairs $1,166/mo rent with $237/mo cash flow after a $555/mo payment. Total monthly income equals $1,166/mo, and annual cash flow comes to $2,847/yr on $37,576 invested. Return on cash invested is 27.49% in year one, and rental yield stands at 12.34% on a $113,350 basis. Equity gained on principal adds $731/yr, and 5% annual appreciation accumulates to $31,317 by year five. Five-year ROI measures 146.22% and total cumulative return in cash reaches $54,943. For financing, Ziffy Mortgage’s DSCR program evaluates $1,166/mo property income against a $555/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1925
N/A 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: Rebecca Hazzard • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502242
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