18530 W 3000th Lot 173ReddickIL60961
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 18530 W 3000th Lot 173, Reddick, IL, 60961 in Reddick is priced for capital growth, not immediate cash flow. The $165,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $45,586 by year five, with $1,520/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 10.0% |
| Monthly Cash Flow | $0 | $300 |
City averages based on Reddick market data in our database. Property projections are estimates.
Manufactured
Built in 1977
5,290 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60961, Reddick, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 416 (100%) |
| Owner Occupied HU | 302 (72.6%) |
| Renter Occupied HU | 43 (10.3%) |
| Vacant Housing Units | 71 (17.1%) |
| Median Home Value | $285,938 |
| Average Home Value | $277,401 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
177
Multi-Family
141
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Manufactured
Built in 1977
5,290 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60961, Reddick, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 416 (100%) |
| Owner Occupied HU | 302 (72.6%) |
| Renter Occupied HU | 43 (10.3%) |
| Vacant Housing Units | 71 (17.1%) |
| Median Home Value | $285,938 |
| Average Home Value | $277,401 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
177
Multi-Family
141
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices