17 Meadow LnProphetstownIL61277
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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 Prophetstown at 17 Meadow Ln, Prophetstown, IL, 61277 uses $82,875 cash to close to unlock $23,947/yr annual cash flow and $1,996/mo monthly cash flow. Total monthly income runs $3,730/mo, and a $1,224/mo payment keeps the spread at $1,996/mo. Purchase price stands at $250,000, and rental yield measures 17.9% with $3,730/mo rent. Return on cash invested shows 48.8% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 258.81% and total cumulative return in cash records $214,486. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,730/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61277, Prophetstown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,475 (100%) |
| Owner Occupied HU | 1,053 (71.4%) |
| Renter Occupied HU | 252 (17.1%) |
| Vacant Housing Units | 170 (11.5%) |
| Median Home Value | $164,983 |
| Average Home Value | $205,166 |
Housing Distribution
Address Breakdown
Residential
1,340
Single Family
1,312
Multi-Family
28
Businesses
98
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Listed by: Chris Mcdanel • EXP REALTY, LLC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4256425
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.