2649 W Florence RdFreeportIL61032
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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 Freeport at 2649 W Florence Rd, Freeport, IL, 61032 priced at $160,000 pairs $1,237/mo rent with $90/mo cash flow after a $783/mo payment. Total monthly income equals $1,237/mo, and annual cash flow comes to $1,077/yr on $53,040 invested. Return on cash invested is 21.94% in year one, and rental yield stands at 9.28% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 115% and total cumulative return in cash reaches $60,998. For financing, Ziffy Mortgage’s DSCR program evaluates $1,237/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61032, Freeport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,514 (100%) |
| Owner Occupied HU | 8,485 (58.5%) |
| Renter Occupied HU | 4,354 (30.0%) |
| Vacant Housing Units | 1,675 (11.5%) |
| Median Home Value | $117,056 |
| Average Home Value | $149,942 |
Housing Distribution
Address Breakdown
Residential
13,208
Single Family
12,024
Multi-Family
1,184
Businesses
1,072
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Listed by: Anthony Ramirez • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202406064
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.