23907 Veterans RdMortonIL61550
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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
Total monthly income runs $2,290/mo, and a $1,908/mo payment. Purchase price stands at $389,900, and rental yield measures 7.05% with $2,290/mo rent. Return on cash invested shows 16.06% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 83.2% and total cumulative return in cash records $107,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,290/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1965
9.33 Acres lot
$N/A/sqft
No 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
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Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1258261
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