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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Milan at 1903 4th St W, Milan, IL, 61264 offers a 9.27% rental yield on a $185,000 purchase with $1,429/mo rent. Total monthly income registers $1,429/mo, and a $905/mo payment leaves $138/mo available for distribution. Annual cash flow reaches $1,650/yr on $61,328 to close, and return on cash invested stands at 22.6% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 118.35% and total cumulative return in cash at $72,579. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,429/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 61264, Milan, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,802 (100%) |
| Owner Occupied HU | 3,339 (69.5%) |
| Renter Occupied HU | 1,048 (21.8%) |
| Vacant Housing Units | 415 ( 8.6%) |
| Median Home Value | $183,859 |
| Average Home Value | $200,162 |
Residential
4,785
Single Family
4,379
Multi-Family
406
Businesses
446
Date | Event | Price |
|---|---|---|
| 2011-09-12 | Sold | $85,000 |
| 2005-03-24 | Sold | $92,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-21 | $3712.36 | 5.97% | $39,486 | 8.40% |
| 2022-08-21 | $3503.12 | 0.64% | $36,426 | 5.60% |
| 2021-08-21 | $3480.68 | 2.08% | $34,495 | 2.60% |
Listed by: Nancy Landi • RE/MAX Concepts Moline
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4266598
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.
