1849 N Weller DrMount MorrisIL61054
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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 Mount Morris at 1849 N Weller Dr, Mount Morris, IL, 61054 uses $56,322 cash to close to unlock $2,185/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $1,361/mo, and a $832/mo payment keeps the spread at $182/mo. Purchase price stands at $169,900, and rental yield measures 9.61% with $1,361/mo rent. Return on cash invested shows 23.79% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 124.73% and total cumulative return in cash records $70,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,361/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1959
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61054, Mount Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,164 (61.2%) |
| Renter Occupied HU | 529 (27.8%) |
| Vacant Housing Units | 210 (11.0%) |
| Median Home Value | $176,750 |
| Average Home Value | $237,317 |
Housing Distribution
Address Breakdown
Residential
1,697
Single Family
1,605
Multi-Family
92
Businesses
93
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Listed by: Carla Benesh • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202507412