214 Hickory LnMomenceIL60954
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 Momence at 214 Hickory Ln, Momence, IL, 60954 priced at $179,987 converts $1,839/mo rent into $591/mo cash flow after a $881/mo obligation. Total monthly income equals $1,839/mo, and annual cash flow totals $7,086/yr on $59,666 invested. Return on cash invested prints 31.79% in year one, and rental yield reads 12.26% against a $179,987 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,727 by year five. Five-year ROI reaches 167.53% and total cumulative return in cash sums $99,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,839/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60954, Momence, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,669 (100%) |
| Owner Occupied HU | 1,792 (67.1%) |
| Renter Occupied HU | 616 (23.1%) |
| Vacant Housing Units | 261 ( 9.8%) |
| Median Home Value | $202,241 |
| Average Home Value | $222,641 |
Housing Distribution
Address Breakdown
Residential
2,419
Single Family
2,355
Multi-Family
64
Businesses
206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices