150 W Carol AveCortlandIL60112
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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 Cortland at 150 W Carol Ave, Cortland, IL, 60112 priced at $319,900 converts $2,255/mo rent into $36/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,255/mo, and annual cash flow totals $430/yr on $106,047 invested. Return on cash invested prints 20.31% in year one, and rental yield reads 8.46% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 106% and total cumulative return in cash sums $112,412. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,255/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60112, Cortland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,721 (100%) |
| Owner Occupied HU | 1,303 (75.7%) |
| Renter Occupied HU | 363 (21.1%) |
| Vacant Housing Units | 55 ( 3.2%) |
| Median Home Value | $197,400 |
| Average Home Value | $220,353 |
Housing Distribution
Address Breakdown
Residential
1,668
Single Family
1,458
Multi-Family
210
Businesses
74
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