16303 W Canada RdPoloIL61064
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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 Polo at 16303 W Canada Rd, Polo, IL, 61064 generates $720/mo in rent, after a $881/mo payment. Total monthly income is $720/mo. Return on cash invested sits at 9.28% in year one, and rental yield is 4.8% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 46.82% and total cumulative return in cash sums $27,921. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $720/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61064, Polo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,676 (100%) |
| Owner Occupied HU | 1,109 (66.2%) |
| Renter Occupied HU | 378 (22.6%) |
| Vacant Housing Units | 189 (11.3%) |
| Median Home Value | $157,083 |
| Average Home Value | $193,632 |
Housing Distribution
Address Breakdown
Residential
1,585
Single Family
1,551
Multi-Family
34
Businesses
113
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Listed by: Tracy Shuman • Re/Max Professional Advantage
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503576
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.