303 W 3rd AveDeer CreekIL61733
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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 Deer Creek at 303 W 3rd Ave, Deer Creek, IL, 61733 generates $2,760/mo in rent and, after a $1,443/mo payment, leaves $715/mo in cash flow. Total monthly income is $2,760/mo, and annual cash flow is $8,579/yr on $97,759 invested. Return on cash invested sits at 28.68% in year one, and rental yield is 11.23% on a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 150.88% and total cumulative return in cash sums $147,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61733, Deer Creek, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 414 (78.0%) |
| Renter Occupied HU | 75 (14.1%) |
| Vacant Housing Units | 42 ( 7.9%) |
| Median Home Value | $278,571 |
| Average Home Value | $301,655 |
Housing Distribution
Address Breakdown
Residential
306
Single Family
306
Multi-Family
0
Businesses
33
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Listed by: Emily Jones • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1259428
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.