21956 Springer CtMortonIL61550
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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 21956 Springer Ct, Morton, IL, 61550 uses $116,025 cash to close to unlock $18,053/yr annual cash flow and $1,504/mo monthly cash flow. Total monthly income runs $3,932/mo, and a $1,713/mo payment keeps the spread at $1,504/mo. Purchase price stands at $350,000, and rental yield measures 13.48% with $3,932/mo rent. Return on cash invested shows 35.47% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 187.28% and total cumulative return in cash records $217,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,932/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1970
2.53 Acres 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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Listed by: Suzanne Miller • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1252527
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.