1863 Candlelight Cir #1863MontgomeryIL60538
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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 Montgomery at 1863 Candlelight Cir #1863, Montgomery, IL, 60538 uses $98,787 cash to close to unlock $10,531/yr annual cash flow and $878/mo monthly cash flow. Total monthly income runs $2,945/mo, and a $1,459/mo payment keeps the spread at $878/mo. Purchase price stands at $298,000, and rental yield measures 11.86% with $2,945/mo rent. Return on cash invested shows 30.57% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 161% and total cumulative return in cash records $159,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,945/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60538, Montgomery, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,298 (100%) |
| Owner Occupied HU | 8,095 (78.6%) |
| Renter Occupied HU | 1,961 (19.0%) |
| Vacant Housing Units | 242 ( 2.3%) |
| Median Home Value | $261,970 |
| Average Home Value | $273,612 |
Housing Distribution
Address Breakdown
Residential
10,214
Single Family
9,940
Multi-Family
274
Businesses
424
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Listed by: Melissa Garcia • Legacy Properties
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12470510