1588 290th AveAlexisIL61412
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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 Alexis at 1588 290th Ave, Alexis, IL, 61412 uses $36,432 cash to close to unlock $1,351/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $875/mo, and a $538/mo payment keeps the spread at $113/mo. Purchase price stands at $109,900, and rental yield measures 9.55% with $875/mo rent. Return on cash invested shows 23.62% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 123.76% and total cumulative return in cash records $45,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $875/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61412, Alexis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 624 (100%) |
| Owner Occupied HU | 472 (75.6%) |
| Renter Occupied HU | 78 (12.5%) |
| Vacant Housing Units | 74 (11.9%) |
| Median Home Value | $102,632 |
| Average Home Value | $141,266 |
Housing Distribution
Address Breakdown
Residential
437
Single Family
426
Multi-Family
11
Businesses
38
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Listed by: Amanda Francis • NextHome QC Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261303
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.