1179-A N State Route 1-17MomenceIL60954
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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 Momence at 1179-A N State Route 1-17, Momence, IL, 60954 offers a 9.35% rental yield on a $127,500 purchase with $993/mo rent. Total monthly income registers $993/mo, and a $624/mo payment leaves $109/mo available for distribution. Annual cash flow reaches $1,304/yr on $42,266 to close, and return on cash invested stands at 22.99% in year one. Equity gained on principal adds $823/yr while 5% annual appreciation supports $35,226 over five years. Portfolio math shows five-year ROI at 120.4% and total cumulative return in cash at $50,890. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $993/mo property income against a $624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 2013
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60954, Momence, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,669 (100%) |
| Owner Occupied HU | 1,792 (67.1%) |
| Renter Occupied HU | 616 (23.1%) |
| Vacant Housing Units | 261 ( 9.8%) |
| Median Home Value | $202,241 |
| Average Home Value | $222,641 |
Housing Distribution
Address Breakdown
Residential
2,419
Single Family
2,355
Multi-Family
64
Businesses
206
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