24863 State Highway 3DowIL62022
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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 Dow at 24863 State Highway 3, Dow, IL, 62022 generates $3,440/mo in rent and, after a $1,708/mo payment, leaves $1,019/mo in cash flow. Total monthly income is $3,440/mo, and annual cash flow is $12,233/yr on $115,694 invested. Return on cash invested sits at 30.48% in year one, and rental yield is 11.83% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 160.53% and total cumulative return in cash sums $185,724. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62022, Dow, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 507 (100%) |
| Owner Occupied HU | 380 (75.0%) |
| Renter Occupied HU | 78 (15.4%) |
| Vacant Housing Units | 49 ( 9.7%) |
| Median Home Value | $235,593 |
| Average Home Value | $295,151 |
Housing Distribution
Address Breakdown
Residential
476
Single Family
476
Multi-Family
0
Businesses
11
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Listed by: Joni Stanley • RE/MAX Alliance
Mls Name: MARIS
Mls Provider:
Mls ID: #25041283
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