2943 Prairie RdBelvidereIL61008
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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 Belvidere at 2943 Prairie Rd, Belvidere, IL, 61008 with 5% annual appreciation on a $334,000 basis while $2,879/mo rent supports operations. Total monthly income totals $2,879/mo and a $1,635/mo payment preserves $562/mo for cash returns. Annual cash flow comes to $6,745/yr on $110,721 deployed, and return on cash invested reaches 26% in year one. Equity gained on principal adds $2,155/yr, and five-year appreciation sums $92,278 alongside rental yield of 10.34%. Five-year ROI measures 136.53% and total cumulative return in cash totals $151,170.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,879/mo property income versus a $1,635/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61008, Belvidere, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,954 (100%) |
| Owner Occupied HU | 9,284 (71.7%) |
| Renter Occupied HU | 3,087 (23.8%) |
| Vacant Housing Units | 583 ( 4.5%) |
| Median Home Value | $198,963 |
| Average Home Value | $235,058 |
Housing Distribution
Address Breakdown
Residential
12,742
Single Family
12,220
Multi-Family
522
Businesses
839
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Listed by: Dianne Parvin • Berkshire Hathaway Homeservices Crosby Starck Re
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405404
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.