116 Route 84 NCordovaIL61242
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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 Cordova at 116 Route 84 N, Cordova, IL, 61242 uses $74,588 cash to close to unlock $3,295/yr annual cash flow and $275/mo monthly cash flow. Total monthly income runs $1,835/mo, and a $1,101/mo payment keeps the spread at $275/mo. Purchase price stands at $225,000, and rental yield measures 9.79% with $1,835/mo rent. Return on cash invested shows 24.33% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 127.53% and total cumulative return in cash records $95,121. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,835/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1962
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61242, Cordova, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 396 (73.3%) |
| Renter Occupied HU | 81 (15.0%) |
| Vacant Housing Units | 63 (11.7%) |
| Median Home Value | $253,846 |
| Average Home Value | $291,098 |
Housing Distribution
Address Breakdown
Residential
402
Single Family
402
Multi-Family
0
Businesses
23
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Listed by: Bob Case • Ruhl&Ruhl REALTORS Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261292
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.