2100 S 2nd AveMortonIL61550
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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 Morton at 2100 S 2nd Ave, Morton, IL, 61550 uses $57,979 cash to close to unlock $13,655/yr annual cash flow and $1,138/mo monthly cash flow. Total monthly income runs $2,351/mo, and a $856/mo payment keeps the spread at $1,138/mo. Purchase price stands at $174,900, and rental yield measures 16.13% with $2,351/mo rent. Return on cash invested shows 43.46% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 230.11% and total cumulative return in cash records $133,416. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,351/mo property income covering a $856/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No 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
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