2846 Providence LnMontgomeryIL60538
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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 Montgomery at 2846 Providence Ln, Montgomery, IL, 60538 earns $601/mo cash flow from $2,508/mo rent with a $1,346/mo payment. Total monthly income totals $2,508/mo, and annual cash flow totals $7,206/yr on $91,163 capital. ROI tracks 27.81% on current figures, and rental yield reads 10.94% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 146.24% and total cumulative return in cash sums $133,319. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,508/mo property income instead of your personal income.
Multi Family
Built in 2003
10,625 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
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Listed by: Matthew Kombrink, GRI,SFR • One Source Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12546714