1372 E Armour Rd #1372BourbonnaisIL60914
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bourbonnais at 1372 E Armour Rd #1372, Bourbonnais, IL, 60914 uses $65,803 cash to close to unlock $33/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $972/mo payment keeps the spread at $3/mo. Purchase price stands at $198,500, and rental yield measures 8.34% with $1,380/mo rent. Return on cash invested shows 19.96% in year one, and 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 104.1% and total cumulative return in cash records $68,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $972/mo payment rather than investor’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60914, Bourbonnais, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,142 (100%) |
| Owner Occupied HU | 7,435 (66.7%) |
| Renter Occupied HU | 2,976 (26.7%) |
| Vacant Housing Units | 731 ( 6.6%) |
| Median Home Value | $234,333 |
| Average Home Value | $255,617 |
Housing Distribution
Address Breakdown
Residential
11,025
Single Family
10,552
Multi-Family
473
Businesses
797
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Margaret Cahill • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12485559