109 N 3rd StColonaIL61241
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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
Rental property for sale in Colona at 109 N 3rd St, Colona, IL, 61241 priced at $235,000 pairs $1,635/mo rent with $5/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,635/mo, and annual cash flow comes to $62/yr on $77,903 invested. Return on cash invested is 19.99% in year one, and rental yield stands at 8.35% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 104.29% and total cumulative return in cash reaches $81,244. For financing, Ziffy Mortgage’s DSCR program evaluates $1,635/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61241, Colona, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,961 (100%) |
| Owner Occupied HU | 2,412 (81.5%) |
| Renter Occupied HU | 372 (12.6%) |
| Vacant Housing Units | 177 ( 6.0%) |
| Median Home Value | $170,370 |
| Average Home Value | $193,296 |
Housing Distribution
Address Breakdown
Residential
2,836
Single Family
2,836
Multi-Family
0
Businesses
118
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