11523 15th Street CtMilanIL61264
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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 Milan at 11523 15th Street Ct, Milan, IL, 61264 uses $64,643 cash to close to unlock $1,810/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $1,503/mo, and a $954/mo payment keeps the spread at $151/mo. Purchase price stands at $195,000, and rental yield measures 9.25% with $1,503/mo rent. Return on cash invested shows 22.71% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 118.84% and total cumulative return in cash records $76,822. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,503/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.73 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
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