15520 Rock Grove RdDurandIL61024
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Nearby investment properties with comparable prices
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 Durand at 15520 Rock Grove Rd, Durand, IL, 61024 offers a 10.15% rental yield on a $264,900 purchase with $2,240/mo rent. Total monthly income registers $2,240/mo, and a $1,297/mo payment leaves $402/mo available for distribution. Annual cash flow reaches $4,826/yr on $87,814 to close, and return on cash invested stands at 25.4% in year one. Equity gained on principal adds $1,709/yr while 5% annual appreciation supports $73,187 over five years. Portfolio math shows five-year ROI at 133.34% and total cumulative return in cash at $117,092. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,240/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61024, Durand, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 938 (78.4%) |
| Renter Occupied HU | 190 (15.9%) |
| Vacant Housing Units | 68 ( 5.7%) |
| Median Home Value | $231,818 |
| Average Home Value | $256,415 |
Housing Distribution
Address Breakdown
Residential
966
Single Family
953
Multi-Family
13
Businesses
66
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Listed by: Heather Manis • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202403253
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.