2116 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 2116 S 2nd Ave, Morton, IL, 61550 earns $937/mo cash flow from $2,471/mo rent with a $974/mo payment. Total monthly income totals $2,471/mo, and annual cash flow totals $11,240/yr on $65,969 capital. ROI tracks 36.95% on current figures, and rental yield reads 14.9% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 196.23% and total cumulative return in cash sums $129,450. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,471/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$154 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
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