2417 Geneva LnMontgomeryIL60538
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
Investment Highlights
Rental property for sale in Montgomery at 2417 Geneva Ln, Montgomery, IL, 60538 generates $3,712/mo in rent and, after a $2,055/mo payment, leaves $800/mo in cash flow. Total monthly income is $3,712/mo, and annual cash flow is $9,596/yr on $139,197 invested. Return on cash invested sits at 26.8% in year one, and rental yield is 10.61% on a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 140.8% and total cumulative return in cash sums $195,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,712/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60538, Montgomery, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,298 (100%) |
| Owner Occupied HU | 8,095 (78.6%) |
| Renter Occupied HU | 1,961 (19.0%) |
| Vacant Housing Units | 242 ( 2.3%) |
| Median Home Value | $261,970 |
| Average Home Value | $273,612 |
Housing Distribution
Address Breakdown
Residential
10,214
Single Family
9,940
Multi-Family
274
Businesses
424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erin Bibian • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12494137