301 N Morgan StBementIL61813
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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 Bement at 301 N Morgan St, Bement, IL, 61813 offers a 9.2% rental yield on a $150,000 purchase with $1,150/mo rent. Total monthly income registers $1,150/mo, and a $734/mo payment leaves $110/mo available for distribution. Annual cash flow reaches $1,317/yr on $49,725 to close, and return on cash invested stands at 22.56% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 118.05% and total cumulative return in cash at $58,698. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,150/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61813, Bement, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 837 (100%) |
| Owner Occupied HU | 572 (68.3%) |
| Renter Occupied HU | 166 (19.8%) |
| Vacant Housing Units | 99 (11.8%) |
| Median Home Value | $119,565 |
| Average Home Value | $152,491 |
Housing Distribution
Address Breakdown
Residential
755
Single Family
746
Multi-Family
9
Businesses
54
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