29 Briarcliff RdMontgomeryIL60538
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 29 Briarcliff Rd, Montgomery, IL, 60538 offers a 8.65% rental yield on a $305,000 purchase with $2,199/mo rent. Total monthly income registers $2,199/mo, and a $1,493/mo payment leaves $83/mo available for distribution. Annual cash flow reaches $999/yr on $101,108 to close, and return on cash invested stands at 20.9% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 109.15% and total cumulative return in cash at $110,362. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,199/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
8,712 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: Tashanna Taylor • Baird & Warner, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12472145