1243 1st St EMilanIL61264
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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 Milan at 1243 1st St E, Milan, IL, 61264 generates $958/mo in rent, after a $728/mo payment. Total monthly income is $958/mo. Return on cash invested sits at 18.11% in year one, and rental yield is 7.73% on a $148,800 entry. Equity gained on principal adds $960/yr, while 5% annual appreciation builds toward $41,111 over five years. Five-year ROI reaches 94.27% and total cumulative return in cash sums $46,501. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $958/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61264, Milan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,802 (100%) |
| Owner Occupied HU | 3,339 (69.5%) |
| Renter Occupied HU | 1,048 (21.8%) |
| Vacant Housing Units | 415 ( 8.6%) |
| Median Home Value | $183,859 |
| Average Home Value | $200,162 |
Housing Distribution
Address Breakdown
Residential
4,785
Single Family
4,379
Multi-Family
406
Businesses
446
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