1219 W 6th StBelvidereIL61008
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 Belvidere at 1219 W 6th St, Belvidere, IL, 61008 uses $52,046 cash to close to unlock $8,045/yr annual cash flow and $670/mo monthly cash flow. Total monthly income runs $1,759/mo, and a $768/mo payment keeps the spread at $670/mo. Purchase price stands at $157,000, and rental yield measures 13.44% with $1,759/mo rent. Return on cash invested shows 35.37% in year one, and 5% annual appreciation builds toward $43,376 over five years. Five-year ROI reaches 186.75% and total cumulative return in cash records $97,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,759/mo property income covering a $768/mo payment rather than investor’s personal income.
Single Family
Built in 1993
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61008, Belvidere, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,954 (100%) |
| Owner Occupied HU | 9,284 (71.7%) |
| Renter Occupied HU | 3,087 (23.8%) |
| Vacant Housing Units | 583 ( 4.5%) |
| Median Home Value | $198,963 |
| Average Home Value | $235,058 |
Housing Distribution
Address Breakdown
Residential
12,742
Single Family
12,220
Multi-Family
522
Businesses
839
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices