106 W Mississippi AveElwoodIL60421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Elwood at 106 W Mississippi Ave, Elwood, IL, 60421 earns $13/mo cash flow from $1,920/mo rent with a $1,346/mo payment. Total monthly income totals $1,920/mo, and annual cash flow totals $150/yr on $91,163 capital. ROI tracks 20.07% on current figures, and rental yield reads 8.38% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 104.73% and total cumulative return in cash sums $95,471. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,920/mo property income instead of your personal income.
Single Family
Built in 1927
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60421, Elwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,611 (100%) |
| Owner Occupied HU | 1,400 (86.9%) |
| Renter Occupied HU | 164 (10.2%) |
| Vacant Housing Units | 47 ( 2.9%) |
| Median Home Value | $287,189 |
| Average Home Value | $336,330 |
Housing Distribution
Address Breakdown
Residential
1,426
Single Family
1,426
Multi-Family
0
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices