1337 Royal DrMontgomeryIL60538
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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 Montgomery at 1337 Royal Dr, Montgomery, IL, 60538 generates $2,382/mo in rent and, after a $1,664/mo payment, leaves $24/mo in cash flow. Total monthly income is $2,382/mo, and annual cash flow is $288/yr on $112,677 invested. Return on cash invested sits at 20.16% in year one, and rental yield is 8.41% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 105.23% and total cumulative return in cash sums $118,571. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,382/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
9,360 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
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Listed by: Jesus Perez • Realty of America, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12428318