22 Spruce StMortonIL61550
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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 22 Spruce St, Morton, IL, 61550 with 5% annual appreciation on a $213,000 basis while $2,204/mo rent supports operations. Total monthly income totals $2,204/mo and a $1,043/mo payment preserves $688/mo for cash returns. Annual cash flow comes to $8,258/yr on $70,610 deployed, and return on cash invested reaches 31.6% in year one. Equity gained on principal adds $1,374/yr, and five-year appreciation sums $58,848 alongside rental yield of 12.42%. Five-year ROI measures 166.84% and total cumulative return in cash totals $117,801.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,204/mo property income versus a $1,043/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
10,454 sqft 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: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257819
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.