1408 Avenue Of The CitiesSilvisIL61282
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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 Silvis at 1408 Avenue Of The Cities, Silvis, IL, 61282 uses $69,615 cash to close to unlock $9,772/yr annual cash flow and $814/mo monthly cash flow. Total monthly income runs $2,357/mo, and a $1,028/mo payment keeps the spread at $814/mo. Purchase price stands at $210,000, and rental yield measures 13.47% with $2,357/mo rent. Return on cash invested shows 33.95% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 179.67% and total cumulative return in cash records $125,080. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,357/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1940
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61282, Silvis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,014 (100%) |
| Owner Occupied HU | 2,032 (50.6%) |
| Renter Occupied HU | 1,576 (39.3%) |
| Vacant Housing Units | 406 (10.1%) |
| Median Home Value | $166,000 |
| Average Home Value | $187,550 |
Housing Distribution
Address Breakdown
Residential
3,865
Single Family
3,126
Multi-Family
739
Businesses
208
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Listed by: Jill Sorrell • Mel Foster Co. Clinton
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4255952
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.