222 N Park BlvdFreeportIL61032
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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
Rental property for sale in Freeport at 222 N Park Blvd, Freeport, IL, 61032 generates $1,258/mo in rent and, after a $646/mo payment, leaves $343/mo in cash flow. Total monthly income is $1,258/mo, and annual cash flow is $4,110/yr on $43,758 invested. Return on cash invested sits at 29.3% in year one, and rental yield is 11.44% on a $132,000 entry. Equity gained on principal adds $852/yr, while 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 154.27% and total cumulative return in cash sums $67,507. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,258/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61032, Freeport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,514 (100%) |
| Owner Occupied HU | 8,485 (58.5%) |
| Renter Occupied HU | 4,354 (30.0%) |
| Vacant Housing Units | 1,675 (11.5%) |
| Median Home Value | $117,056 |
| Average Home Value | $149,942 |
Housing Distribution
Address Breakdown
Residential
13,208
Single Family
12,024
Multi-Family
1,184
Businesses
1,072
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Listed by: SUE ALTENSEY • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405599
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.