1281 Pier DrDavisIL61019
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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 Davis at 1281 Pier Dr, Davis, IL, 61019 priced at $274,900 pairs $1,877/mo rent with after a $1,346/mo payment. Total monthly income equals $1,877/mo. Return on cash invested is 18.41% in year one, and rental yield stands at 8.19% on a $274,900 basis. Equity gained on principal adds $1,774/yr, and 5% annual appreciation accumulates to $75,950 by year five. Five-year ROI measures 96.24% and total cumulative return in cash reaches $87,699. For financing, Ziffy Mortgage’s DSCR program evaluates $1,877/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
0.39 Acres lot
$N/A/sqft
$1,015 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61019, Davis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,933 (100%) |
| Owner Occupied HU | 1,355 (70.1%) |
| Renter Occupied HU | 144 ( 7.4%) |
| Vacant Housing Units | 434 (22.5%) |
| Median Home Value | $239,952 |
| Average Home Value | $262,063 |
Housing Distribution
Address Breakdown
Residential
1,625
Single Family
1,625
Multi-Family
0
Businesses
34
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Listed by: Kathy Heeren-Ellis • Gambino Realtors
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404363
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.