1613 Locust RdMorrisIL60450
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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 Morris at 1613 Locust Rd, Morris, IL, 60450 priced at $424,900 converts $3,409/mo rent into $372/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,409/mo, and annual cash flow totals $4,460/yr on $140,854 invested. Return on cash invested prints 23.08% in year one, and rental yield reads 9.63% against a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,392 by year five. Five-year ROI reaches 121.08% and total cumulative return in cash sums $170,553. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,409/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.32 Acres lot
$N/A/sqft
$25 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60450, Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,423 (100%) |
| Owner Occupied HU | 6,109 (64.8%) |
| Renter Occupied HU | 2,787 (29.6%) |
| Vacant Housing Units | 527 ( 5.6%) |
| Median Home Value | $303,781 |
| Average Home Value | $338,448 |
Housing Distribution
Address Breakdown
Residential
8,789
Single Family
7,660
Multi-Family
1,129
Businesses
890
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