132 N Montana AveMortonIL61550
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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 Morton at 132 N Montana Ave, Morton, IL, 61550 priced at $242,500 pairs $2,200/mo rent with $518/mo cash flow after a $1,187/mo payment. Total monthly income equals $2,200/mo, and annual cash flow comes to $6,215/yr on $80,389 invested. Return on cash invested is 27.64% in year one, and rental yield stands at 10.89% on a $242,500 basis. Equity gained on principal adds $1,565/yr, and 5% annual appreciation accumulates to $66,998 by year five. Five-year ROI measures 145.28% and total cumulative return in cash reaches $116,791. For financing, Ziffy Mortgage’s DSCR program evaluates $2,200/mo property income against a $1,187/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61550, Morton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,208 (100%) |
| Owner Occupied HU | 6,070 (74.0%) |
| Renter Occupied HU | 1,646 (20.1%) |
| Vacant Housing Units | 492 ( 6.0%) |
| Median Home Value | $256,664 |
| Average Home Value | $269,464 |
Housing Distribution
Address Breakdown
Residential
8,202
Single Family
7,148
Multi-Family
1,054
Businesses
735
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