16260 Union StMorrisonIL61270
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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 Morrison at 16260 Union St, Morrison, IL, 61270 uses $43,924 cash to close to unlock $6,654/yr annual cash flow and $554/mo monthly cash flow. Total monthly income runs $1,474/mo, and a $649/mo payment keeps the spread at $554/mo. Purchase price stands at $132,500, and rental yield measures 13.35% with $1,474/mo rent. Return on cash invested shows 35.06% in year one, and 5% annual appreciation builds toward $36,607 over five years. Five-year ROI reaches 185.11% and total cumulative return in cash records $81,308. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,474/mo property income covering a $649/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61270, Morrison, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,183 (100%) |
| Owner Occupied HU | 2,370 (74.5%) |
| Renter Occupied HU | 493 (15.5%) |
| Vacant Housing Units | 320 (10.1%) |
| Median Home Value | $172,945 |
| Average Home Value | $213,998 |
Housing Distribution
Address Breakdown
Residential
3,005
Single Family
2,947
Multi-Family
58
Businesses
223
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