304 N Chaucer BlvdDe LandIL61856
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
Investment property for sale in De Land at 304 N Chaucer Blvd, De Land, IL, 61856 uses $129,252 cash to close to unlock $8,435/yr annual cash flow and $703/mo monthly cash flow. Total monthly income runs $3,407/mo, and a $1,908/mo payment keeps the spread at $703/mo. Purchase price stands at $389,900, and rental yield measures 10.49% with $3,407/mo rent. Return on cash invested shows 26.44% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash records $179,413. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,407/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61856, Monticello, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,471 (100%) |
| Owner Occupied HU | 2,665 (76.8%) |
| Renter Occupied HU | 586 (16.9%) |
| Vacant Housing Units | 220 ( 6.3%) |
| Median Home Value | $218,269 |
| Average Home Value | $250,692 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,206
Multi-Family
173
Businesses
337
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices