2421 W Pines RdOregonIL61061
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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
Rental property for sale in Oregon at 2421 W Pines Rd, Oregon, IL, 61061 priced at $567,000 converts $1,435/mo rent into after a $2,775/mo obligation. Total monthly income equals $1,435/mo. Return on cash invested prints 3.99% in year one, and rental yield reads 3.04% against a $567,000 entry. Equity gained on principal adds $3,659/yr, while 5% annual appreciation compiles into $156,652 by year five. Five-year ROI reaches 18.46% and total cumulative return in cash sums $34,435. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,435/mo property income covering a $2,775/mo payment, not borrower’s personal income.
Single Family
Built in 2007
7.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61061, Oregon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,348 (100%) |
| Owner Occupied HU | 2,249 (67.2%) |
| Renter Occupied HU | 792 (23.7%) |
| Vacant Housing Units | 307 ( 9.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $290,081 |
Housing Distribution
Address Breakdown
Residential
3,108
Single Family
2,946
Multi-Family
162
Businesses
321
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Listed by: Carla Benesh • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405705
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