2141 Merrick DrCaledoniaIL61011
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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
Rental property for sale in Caledonia at 2141 Merrick Dr, Caledonia, IL, 61011 priced at $850,000 converts $4,903/mo rent into after a $4,160/mo obligation. Total monthly income equals $4,903/mo. Return on cash invested prints 14.81% in year one, and rental yield reads 6.92% against a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 76.84% and total cumulative return in cash sums $214,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,903/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61011, Caledonia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,184 (100%) |
| Owner Occupied HU | 1,038 (87.7%) |
| Renter Occupied HU | 96 ( 8.1%) |
| Vacant Housing Units | 50 ( 4.2%) |
| Median Home Value | $294,685 |
| Average Home Value | $342,319 |
Housing Distribution
Address Breakdown
Residential
1,119
Single Family
1,119
Multi-Family
0
Businesses
36
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Listed by: Dianne Parvin • Berkshire Hathaway Homeservices Crosby Starck Re
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202406870
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