2223 Veterans Rd UNIT 2MortonIL61550
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 2223 Veterans Rd UNIT 2, Morton, IL, 61550 in Morton. At $152,500 it earns $1,664/mo in rent and distributes $417/mo to the owner after the $686/mo payment, a consistent 13.1% yield. DSCR 2.43 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $42,133 in value; $1,405/yr in principal paydown compounds ownership stake. Total projected return: $85,933.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 6.2% |
| Monthly Cash Flow | $417 | $400 |
City averages based on Morton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,664 |
| Total Monthly Debt Service | $1,187 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1978
N/A lot
$N/A/sqft
$190 monthly 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
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
Condo
Built in 1978
N/A lot
$N/A/sqft
$190 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tricia Yordy • Keller Williams Revolution
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1258027
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-03 03:38:24 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)