110 N Althea StElmwoodIL61529
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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
Investment property for sale in Elmwood at 110 N Althea St, Elmwood, IL, 61529 earns $689/mo cash flow from $1,799/mo rent with a $783/mo payment. Total monthly income totals $1,799/mo, and annual cash flow totals $8,272/yr on $53,040 capital. ROI tracks 35.5% on current figures, and rental yield reads 13.49% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 187.51% and total cumulative return in cash sums $99,458. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,799/mo property income instead of your personal income.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61529, Elmwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,231 (100%) |
| Owner Occupied HU | 936 (76.0%) |
| Renter Occupied HU | 180 (14.6%) |
| Vacant Housing Units | 115 ( 9.3%) |
| Median Home Value | $200,773 |
| Average Home Value | $225,238 |
Housing Distribution
Address Breakdown
Residential
916
Single Family
916
Multi-Family
0
Businesses
68
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Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1253329
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.