202 W 3rd StDelavanIL61734
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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 Delavan at 202 W 3rd St, Delavan, IL, 61734 offers a 9.48% rental yield on a $149,900 purchase with $1,184/mo rent. Total monthly income registers $1,184/mo, and a $734/mo payment leaves $70/mo available for distribution. Annual cash flow reaches $842/yr on $49,692 to close, and return on cash invested stands at 21.6% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 113.64% and total cumulative return in cash at $56,471. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,184/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1879
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61734, Delavan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,180 (100%) |
| Owner Occupied HU | 885 (75.0%) |
| Renter Occupied HU | 185 (15.7%) |
| Vacant Housing Units | 110 ( 9.3%) |
| Median Home Value | $172,329 |
| Average Home Value | $199,186 |
Housing Distribution
Address Breakdown
Residential
885
Single Family
869
Multi-Family
16
Businesses
56
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Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1259910
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.