2 Park RdOglesbyIL61348
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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
Rental property for sale in Oglesby at 2 Park Rd, Oglesby, IL, 61348 priced at $178,000 converts $1,680/mo rent into $446/mo cash flow after a $871/mo obligation. Total monthly income equals $1,680/mo, and annual cash flow totals $5,347/yr on $59,007 invested. Return on cash invested prints 28.97% in year one, and rental yield reads 11.33% against a $178,000 entry. Equity gained on principal adds $1,149/yr, while 5% annual appreciation compiles into $49,178 by year five. Five-year ROI reaches 152.46% and total cumulative return in cash sums $89,965. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $871/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61348, Oglesby, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,217 (100%) |
| Owner Occupied HU | 1,532 (69.1%) |
| Renter Occupied HU | 466 (21.0%) |
| Vacant Housing Units | 219 ( 9.9%) |
| Median Home Value | $155,689 |
| Average Home Value | $191,312 |
Housing Distribution
Address Breakdown
Residential
2,092
Single Family
2,060
Multi-Family
32
Businesses
143
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Listed by: Thomas Templeton • Coldwell Banker Today's
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503198
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