290 Melrose DrColonaIL61241
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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 Colona at 290 Melrose Dr, Colona, IL, 61241 at $269,999 posts ROI 22.9% with $223/mo cash flow from $2,096/mo rent. Total monthly income equals $2,096/mo, and annual cash flow records $2,673/yr on $89,505 to close. Return on cash invested measures 22.9% and rental yield reads 9.32% at the current $269,999. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 by year five. Five-year ROI prints 119.83% and total cumulative return in cash totals $107,257.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,096/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61241, Colona, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,961 (100%) |
| Owner Occupied HU | 2,412 (81.5%) |
| Renter Occupied HU | 372 (12.6%) |
| Vacant Housing Units | 177 ( 6.0%) |
| Median Home Value | $170,370 |
| Average Home Value | $193,296 |
Housing Distribution
Address Breakdown
Residential
2,836
Single Family
2,836
Multi-Family
0
Businesses
118
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Listed by: Tiffany Massey-Wessels • NextHome QC Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261598
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.