240 Turtle Creek TrlMortonIL61550
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 240 Turtle Creek Trl, Morton, IL, 61550 in Morton speaks for itself: 14.87% gross on a $429,000 price, generating $5,316/mo in rent and $2,340/mo in net income after the $1,929/mo debt service. DSCR 2.76, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $28,085 stacks alongside $118,525 in projected five-year appreciation and $3,951/yr in principal reduction. Projected total cumulative return: $314,716.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.9% | 6.2% |
| Monthly Cash Flow | $2,340 | $400 |
City averages based on Morton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,316 |
| Total Monthly Debt Service | $2,805 |
| DSCR Ratio | 1.90x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2015
N/A 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
Nearby investment properties with comparable rents
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
Single Family
Built in 2015
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices