15309 266th St NCordovaIL61242
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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 Cordova at 15309 266th St N, Cordova, IL, 61242 generates $2,524/mo in rent and, after a $1,248/mo payment, leaves $739/mo in cash flow. Total monthly income is $2,524/mo, and annual cash flow is $8,871/yr on $84,533 invested. Return on cash invested sits at 30.4% in year one, and rental yield is 11.88% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 160.21% and total cumulative return in cash sums $135,428. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,524/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61242, Cordova, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 396 (73.3%) |
| Renter Occupied HU | 81 (15.0%) |
| Vacant Housing Units | 63 (11.7%) |
| Median Home Value | $253,846 |
| Average Home Value | $291,098 |
Housing Distribution
Address Breakdown
Residential
402
Single Family
402
Multi-Family
0
Businesses
23
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Listed by: Bob Case • Ruhl&Ruhl REALTORS Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4256626
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.