2800 78th AveMilanIL61264
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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
Investment property for sale in Milan at 2800 78th Ave, Milan, IL, 61264 offers a 9.37% rental yield on a $296,800 purchase with $2,318/mo rent. Total monthly income registers $2,318/mo, and a $1,453/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,608/yr on $98,389 to close, and return on cash invested stands at 22.56% in year one. Equity gained on principal adds $1,915/yr while 5% annual appreciation supports $82,000 over five years. Portfolio math shows five-year ROI at 118.25% and total cumulative return in cash at $116,343. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,318/mo property income against a $1,453/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.28 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61264, Milan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,802 (100%) |
| Owner Occupied HU | 3,339 (69.5%) |
| Renter Occupied HU | 1,048 (21.8%) |
| Vacant Housing Units | 415 ( 8.6%) |
| Median Home Value | $183,859 |
| Average Home Value | $200,162 |
Housing Distribution
Address Breakdown
Residential
4,785
Single Family
4,379
Multi-Family
406
Businesses
446
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Listed by: Chris McDanel • EXP REALTY, LLC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4260253
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.