115 S Cottage Grove AvePrincevilleIL61559
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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
Rental property for sale in Princeville at 115 S Cottage Grove Ave, Princeville, IL, 61559 offers $2,431/mo rent that, after a $719/mo payment, leaves $1,360/mo cash flow. Total monthly income is $2,431/mo, and annual cash flow is $16,319/yr on $48,697 cash. Return on cash invested measures 53.42% in year one, and rental yield stands at 19.86% at a $146,900 entry. Equity gained on principal adds $948/yr while 5% annual appreciation compounds into $40,586 by year five. Five-year ROI records 283.98% and total cumulative return in cash reaches $138,293. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,431/mo property income versus a $719/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61559, Princeville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 1,049 (78.0%) |
| Renter Occupied HU | 160 (11.9%) |
| Vacant Housing Units | 136 (10.1%) |
| Median Home Value | $242,178 |
| Average Home Value | $271,568 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,161
Multi-Family
26
Businesses
82
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Listed by: Debbie Emanuels • Re/Max Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1255089
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.