1507 Dawngate DrBelvidereIL61008
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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 1507 Dawngate Dr, Belvidere, IL, 61008 uses $90,798 cash to close to unlock $3,705/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $2,209/mo, and a $1,341/mo payment keeps the spread at $309/mo. Purchase price stands at $273,900, and rental yield measures 9.68% with $2,209/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $75,674 over five years. Five-year ROI reaches 125.7% and total cumulative return in cash records $114,134. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,209/mo property income covering a $1,341/mo payment rather than investor’s personal income.
Single Family
Built in 1993
8,712 sqft lot
$N/A/sqft
No 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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