303 E 2nd StLeaf RiverIL61047
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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 Leaf River at 303 E 2nd St, Leaf River, IL, 61047 priced at $115,000 converts $1,556/mo rent into $758/mo cash flow after a $563/mo obligation. Total monthly income equals $1,556/mo, and annual cash flow totals $9,098/yr on $38,123 invested. Return on cash invested prints 43.78% in year one, and rental yield reads 16.24% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 231.92% and total cumulative return in cash sums $88,413. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,556/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1956
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61047, Leaf River, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 518 (69.9%) |
| Renter Occupied HU | 125 (16.9%) |
| Vacant Housing Units | 98 (13.2%) |
| Median Home Value | $244,286 |
| Average Home Value | $267,264 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
579
Multi-Family
0
Businesses
29
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Listed by: Rebecca Hazzard • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202407001
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.