2329 Monarch StBourbonnaisIL60914
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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 Bourbonnais at 2329 Monarch St, Bourbonnais, IL, 60914 uses $107,406 cash to close to unlock $9,546/yr annual cash flow and $796/mo monthly cash flow. Total monthly income runs $3,043/mo, and a $1,586/mo payment keeps the spread at $796/mo. Purchase price stands at $324,000, and rental yield measures 11.27% with $3,043/mo rent. Return on cash invested shows 28.8% in year one, and 5% annual appreciation builds toward $89,515 over five years. Five-year ROI reaches 151.51% and total cumulative return in cash records $162,731. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,043/mo property income covering a $1,586/mo payment rather than investor’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60914, Bourbonnais, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,142 (100%) |
| Owner Occupied HU | 7,435 (66.7%) |
| Renter Occupied HU | 2,976 (26.7%) |
| Vacant Housing Units | 731 ( 6.6%) |
| Median Home Value | $234,333 |
| Average Home Value | $255,617 |
Housing Distribution
Address Breakdown
Residential
11,025
Single Family
10,552
Multi-Family
473
Businesses
797
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Listed by: Scott Schoon • Keller Williams Preferred Rlty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12516835