302 S Barber AvePoloIL61064
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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
Rental property for sale in Polo at 302 S Barber Ave, Polo, IL, 61064 priced at $185,000 converts $1,658/mo rent into $375/mo cash flow after a $905/mo obligation. Total monthly income equals $1,658/mo, and annual cash flow totals $4,503/yr on $61,328 invested. Return on cash invested prints 27.25% in year one, and rental yield reads 10.75% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 143.25% and total cumulative return in cash sums $87,855. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,658/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61064, Polo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,676 (100%) |
| Owner Occupied HU | 1,109 (66.2%) |
| Renter Occupied HU | 378 (22.6%) |
| Vacant Housing Units | 189 (11.3%) |
| Median Home Value | $157,083 |
| Average Home Value | $193,632 |
Housing Distribution
Address Breakdown
Residential
1,585
Single Family
1,551
Multi-Family
34
Businesses
113
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Listed by: Tracey DeCrane • Re/Max Town Lake & Country
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202407067
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