302 W Linden StTolonoIL61880
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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 Tolono at 302 W Linden St, Tolono, IL, 61880 offers $1,802/mo rent that, after a $1,125/mo payment, leaves $208/mo cash flow. Total monthly income is $1,802/mo, and annual cash flow is $2,491/yr on $76,212 cash. Return on cash invested measures 23.18% in year one, and rental yield stands at 9.41% at a $229,900 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,517 by year five. Five-year ROI records 121.37% and total cumulative return in cash reaches $92,495. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,802/mo property income versus a $1,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61880, Tolono, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,754 (100%) |
| Owner Occupied HU | 1,324 (75.5%) |
| Renter Occupied HU | 333 (19.0%) |
| Vacant Housing Units | 97 ( 5.5%) |
| Median Home Value | $232,615 |
| Average Home Value | $237,608 |
Housing Distribution
Address Breakdown
Residential
1,447
Single Family
1,447
Multi-Family
0
Businesses
59
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