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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Milan at 228 4th Ave W, Milan, IL, 61264 listed at $105,000 pairs $817/mo rent with a $514/mo payment to leave $14/mo cash flow. Total monthly income runs $817/mo, and annual cash flow reaches $167/yr on $34,808 cash to close. Return on cash invested measures 20.39% in year one, and rental yield registers 9.34% at a $105,000 basis. Equity gained on principal adds $678/yr, and annual property appreciation at 5% supports $29,010 by year five. Five-year ROI tracks 107.36% and total cumulative return in cash totals $37,370. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $817/mo property income relative to a $514/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 61264, Milan, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,802 (100%) |
| Owner Occupied HU | 3,339 (69.5%) |
| Renter Occupied HU | 1,048 (21.8%) |
| Vacant Housing Units | 415 ( 8.6%) |
| Median Home Value | $183,859 |
| Average Home Value | $200,162 |
Residential
4,785
Single Family
4,379
Multi-Family
406
Businesses
446
Date | Event | Price |
|---|---|---|
| 2024-09-06 | Listing removed | $104,000 |
| 2024-09-02 | Price change | $104,000 |
| 2024-07-12 | Listed for sale | $105,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-02 | $2944.56 | 5.97% | $31,319 | 8.40% |
| 2022-04-02 | $2778.60 | 2.21% | $28,892 | 7.24% |
| 2021-04-02 | $2718.56 | 2.08% | $26,942 | 2.60% |
Listed by: Jaclyn Mayse • EXP REALTY, LLC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261797
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.
