241 N Somonauk Rd, Cortland, IL, 60112 | 7.01% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,036/mo, and a $1,706/mo payment. Purchase price stands at $348,500, and rental yield measures 7.01% with $2,036/mo rent. Return on cash invested shows 15.95% in year one, and 5% annual appreciation builds toward $96,284 over five years. Five-year ROI reaches 82.58% and total cumulative return in cash records $95,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,036/mo property income covering a $1,706/mo payment rather than investor’s personal income.

Single Family

Built in 1954

1.80 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 60112, Cortland, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,721 (100%)
Owner Occupied HU	1,303 (75.7%)
Renter Occupied HU	363 (21.1%)
Vacant Housing Units	55 ( 3.2%)
Median Home Value	$197,400
Average Home Value	$220,353