201 & 311 24th AveOttawaIL61350
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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 Ottawa at 201 & 311 24th Ave, Ottawa, IL, 61350 generates $2,160/mo in rent, after a $3,132/mo payment. Total monthly income is $2,160/mo. Return on cash invested sits at 7.07% in year one, and rental yield is 4.05% on a $640,000 entry. Equity gained on principal adds $4,130/yr, while 5% annual appreciation builds toward $176,820 over five years. Five-year ROI reaches 34.98% and total cumulative return in cash sums $73,662. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Multi Family
Built in 2023
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61350, Ottawa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,425 (100%) |
| Owner Occupied HU | 7,230 (63.3%) |
| Renter Occupied HU | 3,166 (27.7%) |
| Vacant Housing Units | 1,029 ( 9.0%) |
| Median Home Value | $173,815 |
| Average Home Value | $219,878 |
Housing Distribution
Address Breakdown
Residential
10,874
Single Family
10,179
Multi-Family
695
Businesses
1,058
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