1405 Iles AveBelvidereIL61008
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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 Belvidere at 1405 Iles Ave, Belvidere, IL, 61008 uses $118,677 cash to close to unlock $523/yr annual cash flow and $44/mo monthly cash flow. Total monthly income runs $2,539/mo, and a $1,752/mo payment keeps the spread at $44/mo. Purchase price stands at $358,000, and rental yield measures 8.51% with $2,539/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $98,909 over five years. Five-year ROI reaches 106.25% and total cumulative return in cash records $126,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,539/mo property income covering a $1,752/mo payment rather than investor’s personal income.
Single Family
Built in 2000
0.41 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61008, Belvidere, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,954 (100%) |
| Owner Occupied HU | 9,284 (71.7%) |
| Renter Occupied HU | 3,087 (23.8%) |
| Vacant Housing Units | 583 ( 4.5%) |
| Median Home Value | $198,963 |
| Average Home Value | $235,058 |
Housing Distribution
Address Breakdown
Residential
12,742
Single Family
12,220
Multi-Family
522
Businesses
839
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Listed by: Kimberly Cooley • Berkshire Hathaway Homeservices Starck Re
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503537
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.