305 E North StDurandIL61024
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
Rental property for sale in Durand at 305 E North St, Durand, IL, 61024 offers $1,594/mo rent that, after a $808/mo payment, leaves $449/mo cash flow. Total monthly income is $1,594/mo, and annual cash flow is $5,389/yr on $54,698 cash. Return on cash invested measures 29.76% in year one, and rental yield stands at 11.59% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 156.75% and total cumulative return in cash reaches $85,739. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,594/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61024, Durand, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 938 (78.4%) |
| Renter Occupied HU | 190 (15.9%) |
| Vacant Housing Units | 68 ( 5.7%) |
| Median Home Value | $231,818 |
| Average Home Value | $256,415 |
Housing Distribution
Address Breakdown
Residential
966
Single Family
953
Multi-Family
13
Businesses
66
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