2156 N Leaf River RdMount MorrisIL61054
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
Investment property for sale in Mount Morris at 2156 N Leaf River Rd, Mount Morris, IL, 61054 uses $33,150 cash to close to unlock $1,258/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $798/mo, and a $489/mo payment keeps the spread at $105/mo. Purchase price stands at $100,000, and rental yield measures 9.58% with $798/mo rent. Return on cash invested shows 23.7% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 124.21% and total cumulative return in cash records $41,176. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $798/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61054, Mount Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,164 (61.2%) |
| Renter Occupied HU | 529 (27.8%) |
| Vacant Housing Units | 210 (11.0%) |
| Median Home Value | $176,750 |
| Average Home Value | $237,317 |
Housing Distribution
Address Breakdown
Residential
1,697
Single Family
1,605
Multi-Family
92
Businesses
93
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Peterson • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202506007