1124 Coyne Center RdMilanIL61264
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 Milan at 1124 Coyne Center Rd, Milan, IL, 61264 offers a 9.06% rental yield on a $115,000 purchase with $868/mo rent. Total monthly income registers $868/mo, and a $563/mo payment leaves $70/mo available for distribution. Annual cash flow reaches $842/yr on $38,123 to close, and return on cash invested stands at 22.12% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 115.77% and total cumulative return in cash at $44,133. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $868/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61264, Milan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,802 (100%) |
| Owner Occupied HU | 3,339 (69.5%) |
| Renter Occupied HU | 1,048 (21.8%) |
| Vacant Housing Units | 415 ( 8.6%) |
| Median Home Value | $183,859 |
| Average Home Value | $200,162 |
Housing Distribution
Address Breakdown
Residential
4,785
Single Family
4,379
Multi-Family
406
Businesses
446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joni Paaske • Ruhl&Ruhl REALTORS Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262274
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.