120 Riverside DrMontgomeryIL60538
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
Rental property for sale in Montgomery at 120 Riverside Dr, Montgomery, IL, 60538 offers $2,264/mo rent that, after a $1,322/mo payment, leaves $391/mo cash flow. Total monthly income is $2,264/mo, and annual cash flow is $4,689/yr on $89,505 cash. Return on cash invested measures 25.15% in year one, and rental yield stands at 10.06% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 131.91% and total cumulative return in cash reaches $118,069. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,264/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
5,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60538, Montgomery, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,298 (100%) |
| Owner Occupied HU | 8,095 (78.6%) |
| Renter Occupied HU | 1,961 (19.0%) |
| Vacant Housing Units | 242 ( 2.3%) |
| Median Home Value | $261,970 |
| Average Home Value | $273,612 |
Housing Distribution
Address Breakdown
Residential
10,214
Single Family
9,940
Multi-Family
274
Businesses
424
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Listed by: Malanie Moreno • Keller Williams Innovate - Aurora
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12407345