1317 2nd St SCordovaIL61242
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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
Investment property for sale in Cordova at 1317 2nd St S, Cordova, IL, 61242 listed at $329,500 pairs $2,892/mo rent with a $1,613/mo payment to leave $606/mo cash flow. Total monthly income runs $2,892/mo, and annual cash flow reaches $7,275/yr on $109,229 cash to close. Return on cash invested measures 26.57% in year one, and rental yield registers 10.53% at a $329,500 basis. Equity gained on principal adds $2,126/yr, and annual property appreciation at 5% supports $91,035 by year five. Five-year ROI tracks 139.56% and total cumulative return in cash totals $152,446. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,892/mo property income relative to a $1,613/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
9,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61242, Cordova, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 396 (73.3%) |
| Renter Occupied HU | 81 (15.0%) |
| Vacant Housing Units | 63 (11.7%) |
| Median Home Value | $253,846 |
| Average Home Value | $291,098 |
Housing Distribution
Address Breakdown
Residential
402
Single Family
402
Multi-Family
0
Businesses
23
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