12009 322nd St WIllinois CityIL61259
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
Investment property for sale in Illinois City at 12009 322nd St W, Illinois City, IL, 61259 earns $811/mo cash flow from $2,788/mo rent with a $1,395/mo payment. Total monthly income totals $2,788/mo, and annual cash flow totals $9,733/yr on $94,478 capital. ROI tracks 30.21% on current figures, and rental yield reads 11.74% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 159.12% and total cumulative return in cash sums $150,330. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,788/mo property income instead of your personal income.
Single Family
Built in 1950
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61259, Illinois City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 527 (100%) |
| Owner Occupied HU | 433 (82.2%) |
| Renter Occupied HU | 54 (10.2%) |
| Vacant Housing Units | 40 ( 7.6%) |
| Median Home Value | $221,284 |
| Average Home Value | $243,274 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Weeks • Ruhl&Ruhl REALTORS Moline
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4259639
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.