221 E 2nd StSpring ValleyIL61362
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
Rental property for sale in Spring Valley at 221 E 2nd St, Spring Valley, IL, 61362 offers $1,637/mo rent that, after a $659/mo payment, leaves $563/mo cash flow. Total monthly income is $1,637/mo, and annual cash flow is $6,756/yr on $44,641 cash. Return on cash invested measures 35.04% in year one, and rental yield stands at 14.59% at a $134,664 entry. Equity gained on principal adds $869/yr while 5% annual appreciation compounds into $37,205 by year five. Five-year ROI records 186.45% and total cumulative return in cash reaches $83,235. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,637/mo property income versus a $659/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61362, Spring Valley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,640 (100%) |
| Owner Occupied HU | 1,656 (62.7%) |
| Renter Occupied HU | 756 (28.6%) |
| Vacant Housing Units | 228 ( 8.6%) |
| Median Home Value | $150,794 |
| Average Home Value | $162,109 |
Housing Distribution
Address Breakdown
Residential
2,534
Single Family
2,366
Multi-Family
168
Businesses
171
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Nearby investment properties with comparable prices
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