122 Longbeach RdMontgomeryIL60538
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 Montgomery at 122 Longbeach Rd, Montgomery, IL, 60538 listed at $244,900 pairs $1,698/mo rent with a $1,199/mo payment. Total monthly income runs $1,698/mo. Return on cash invested measures 19.89% in year one, and rental yield registers 8.32% at a $244,900 basis. Equity gained on principal adds $1,580/yr, and annual property appreciation at 5% supports $67,661 by year five. Five-year ROI tracks 103.73% and total cumulative return in cash totals $84,209. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,698/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katie Bak, ABR,CRS,e-PRO,MRP,SFR • Gates and Gables Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12437819