2024 S 2nd AveMortonIL61550
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
Rental property for sale in Morton at 2024 S 2nd Ave, Morton, IL, 61550 generates $1,743/mo in rent and, after a $827/mo payment, leaves $418/mo in cash flow. Total monthly income is $1,743/mo, and annual cash flow is $5,015/yr on $56,024 invested. Return on cash invested sits at 28.86% in year one, and rental yield is 12.38% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 152.99% and total cumulative return in cash sums $85,711. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,743/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$153 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61550, Morton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,208 (100%) |
| Owner Occupied HU | 6,070 (74.0%) |
| Renter Occupied HU | 1,646 (20.1%) |
| Vacant Housing Units | 492 ( 6.0%) |
| Median Home Value | $256,664 |
| Average Home Value | $269,464 |
Housing Distribution
Address Breakdown
Residential
8,202
Single Family
7,148
Multi-Family
1,054
Businesses
735
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristine Kniep • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1259014
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.