2345 E 275th RdOglesbyIL61348
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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 Oglesby at 2345 E 275th Rd, Oglesby, IL, 61348 generates $1,680/mo in rent, after a $1,664/mo payment. Total monthly income is $1,680/mo. Return on cash invested sits at 12.69% in year one, and rental yield is 5.93% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 65.11% and total cumulative return in cash sums $73,386. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
3.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61348, Oglesby, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,217 (100%) |
| Owner Occupied HU | 1,532 (69.1%) |
| Renter Occupied HU | 466 (21.0%) |
| Vacant Housing Units | 219 ( 9.9%) |
| Median Home Value | $155,689 |
| Average Home Value | $191,312 |
Housing Distribution
Address Breakdown
Residential
2,092
Single Family
2,060
Multi-Family
32
Businesses
143
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