301 W North StDurandIL61024
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
Rental property for sale in Durand at 301 W North St, Durand, IL, 61024 generates $2,717/mo in rent and, after a $1,370/mo payment, leaves $775/mo in cash flow. Total monthly income is $2,717/mo, and annual cash flow is $9,304/yr on $92,820 invested. Return on cash invested sits at 29.93% in year one, and rental yield is 11.64% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 157.6% and total cumulative return in cash sums $146,289. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,717/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
10,558 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61024, Durand, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 938 (78.4%) |
| Renter Occupied HU | 190 (15.9%) |
| Vacant Housing Units | 68 ( 5.7%) |
| Median Home Value | $231,818 |
| Average Home Value | $256,415 |
Housing Distribution
Address Breakdown
Residential
966
Single Family
953
Multi-Family
13
Businesses
66
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices