106 N Hannah 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
Total monthly income runs $600/mo, and a $626/mo payment. Purchase price stands at $127,900, and rental yield measures 5.63% with $600/mo rent. Return on cash invested shows 11.78% in year one, and 5% annual appreciation builds toward $35,336 over five years. Five-year ROI reaches 60.26% and total cumulative return in cash records $25,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $600/mo property income covering a $626/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.31 Acres 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: Patricia Gjonola • Heartland Realty Ii, Llc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202406434
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.