1116 W 2nd StSpring ValleyIL61362
Nearby investment properties with comparable rents
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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 Spring Valley at 1116 W 2nd St, Spring Valley, IL, 61362 earns $461/mo cash flow from $1,776/mo rent with a $928/mo payment. Total monthly income totals $1,776/mo, and annual cash flow totals $5,533/yr on $62,819 capital. ROI tracks 28.72% on current figures, and rental yield reads 11.25% at a $189,500 purchase. Equity gained on principal adds $1,223/yr, and 5% annual appreciation supports $52,355 over five years. Five-year ROI reaches 151.12% and total cumulative return in cash sums $94,931. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,776/mo property income instead of your personal income.
Single Family
Built in 1963
8,494 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61362, Spring Valley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,640 (100%) |
| Owner Occupied HU | 1,656 (62.7%) |
| Renter Occupied HU | 756 (28.6%) |
| Vacant Housing Units | 228 ( 8.6%) |
| Median Home Value | $150,794 |
| Average Home Value | $162,109 |
Housing Distribution
Address Breakdown
Residential
2,534
Single Family
2,366
Multi-Family
168
Businesses
171
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Nearby investment properties with comparable prices
Listed by: Christine Hopps • Coldwell Banker Today's, Realtors
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12381224
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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](/mls-disclaimers/#17)