2196 40th AveAledoIL61231
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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 Aledo at 2196 40th Ave, Aledo, IL, 61231 uses $50,885 cash to close to unlock $1,111/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $1,157/mo, and a $751/mo payment keeps the spread at $93/mo. Purchase price stands at $153,500, and rental yield measures 9.04% with $1,157/mo rent. Return on cash invested shows 22.09% in year one, and 5% annual appreciation builds toward $42,409 over five years. Five-year ROI reaches 115.56% and total cumulative return in cash records $58,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,157/mo property income covering a $751/mo payment rather than investor’s personal income.
Single Family
Built in 1890
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61231, Aledo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,508 (100%) |
| Owner Occupied HU | 1,665 (66.4%) |
| Renter Occupied HU | 585 (23.3%) |
| Vacant Housing Units | 258 (10.3%) |
| Median Home Value | $155,101 |
| Average Home Value | $175,066 |
Housing Distribution
Address Breakdown
Residential
2,314
Single Family
2,155
Multi-Family
159
Businesses
240
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Listed by: Jen Miller • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4255777
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.