1911 Pierce CtBelvidereIL61008
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
Investment Highlights
Investment property for sale in Belvidere at 1911 Pierce Ct, Belvidere, IL, 61008 uses $33,150 cash to close to unlock $13,918/yr annual cash flow and $1,160/mo monthly cash flow. Total monthly income runs $1,853/mo, and a $489/mo payment keeps the spread at $1,160/mo. Purchase price stands at $100,000, and rental yield measures 22.24% with $1,853/mo rent. Return on cash invested shows 61.89% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 328.95% and total cumulative return in cash records $109,048. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,853/mo property income covering a $489/mo payment rather than investor’s personal income.
Lot
Built in N/A
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61008, Belvidere, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,954 (100%) |
| Owner Occupied HU | 9,284 (71.7%) |
| Renter Occupied HU | 3,087 (23.8%) |
| Vacant Housing Units | 583 ( 4.5%) |
| Median Home Value | $198,963 |
| Average Home Value | $235,058 |
Housing Distribution
Address Breakdown
Residential
12,742
Single Family
12,220
Multi-Family
522
Businesses
839
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Listed by: Kevin Horstman • Berkshire Hathaway HomeServices Crosby Starck Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #10666952
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