240 S West StByronIL61010
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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
Investment Highlights
Rental property for sale in Byron at 240 S West St, Byron, IL, 61010 priced at $468,000 pairs $6,745/mo rent with $3,499/mo cash flow after a $2,291/mo payment. Total monthly income equals $6,745/mo, and annual cash flow comes to $41,982/yr on $155,142 invested. Return on cash invested is 46.97% in year one, and rental yield stands at 17.29% on a $468,000 basis. Equity gained on principal adds $3,020/yr, and 5% annual appreciation accumulates to $129,300 by year five. Five-year ROI measures 248.93% and total cumulative return in cash reaches $386,201. For financing, Ziffy Mortgage’s DSCR program evaluates $6,745/mo property income against a $2,291/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61010, Byron, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,074 (100%) |
| Owner Occupied HU | 2,309 (75.1%) |
| Renter Occupied HU | 558 (18.2%) |
| Vacant Housing Units | 207 ( 6.7%) |
| Median Home Value | $235,309 |
| Average Home Value | $274,097 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,900
Multi-Family
0
Businesses
173
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Listed by: Rebecca Hazzard • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202403635
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.