208 W Garfield AvePearl CityIL61062
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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 Pearl City at 208 W Garfield Ave, Pearl City, IL, 61062 offers a 9.51% rental yield on a $124,900 purchase with $990/mo rent. Total monthly income registers $990/mo, and a $611/mo payment leaves $124/mo available for distribution. Annual cash flow reaches $1,488/yr on $41,404 to close, and return on cash invested stands at 23.5% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 123.11% and total cumulative return in cash at $50,974. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $990/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61062, Pearl City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 797 (100%) |
| Owner Occupied HU | 623 (78.2%) |
| Renter Occupied HU | 124 (15.6%) |
| Vacant Housing Units | 50 ( 6.3%) |
| Median Home Value | $198,349 |
| Average Home Value | $281,954 |
Housing Distribution
Address Breakdown
Residential
723
Single Family
715
Multi-Family
8
Businesses
44
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Listed by: JULIE WILLSON • Welcome Home Nw Illinois, Inc.
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202504423