1115 Illinois AveOttawaIL61350
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 Ottawa at 1115 Illinois Ave, Ottawa, IL, 61350 at $145,500 posts ROI 44.49% with $988/mo cash flow from $2,160/mo rent. Total monthly income equals $2,160/mo, and annual cash flow records $11,854/yr on $48,233 to close. Return on cash invested measures 44.49% and rental yield reads 17.81% at the current $145,500. Equity gained on principal adds $939/yr, and 5% annual appreciation supports $40,199 by year five. Five-year ROI prints 237.12% and total cumulative return in cash totals $114,369.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,160/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1936
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61350, Ottawa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,425 (100%) |
| Owner Occupied HU | 7,230 (63.3%) |
| Renter Occupied HU | 3,166 (27.7%) |
| Vacant Housing Units | 1,029 ( 9.0%) |
| Median Home Value | $173,815 |
| Average Home Value | $219,878 |
Housing Distribution
Address Breakdown
Residential
10,874
Single Family
10,179
Multi-Family
695
Businesses
1,058
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Barry • Homesmart Realty Group IL
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12138228
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)