1820 E North StMorrisIL60450
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1820 E North St, Morris, IL, 60450 in Morris is a top-tier cash-flow asset. At $237,200 it produces $2,290/mo in rent and $644/mo in net monthly income, a 11.58% gross rental yield. The DSCR of 2.15 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $7,732. Five-year appreciation adds $65,534, driving a total cumulative return of $132,190.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 7.0% |
| Monthly Cash Flow | $644 | $450 |
City averages based on Morris market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,290 |
| Total Monthly Debt Service | $1,551 |
| DSCR Ratio | 1.48x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1956
10,450 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1956
10,450 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices