306 12th Ave WMilanIL61264
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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 Milan at 306 12th Ave W, Milan, IL, 61264 generates $1,784/mo in rent and, after a $1,003/mo payment, leaves $363/mo in cash flow. Total monthly income is $1,784/mo, and annual cash flow is $4,352/yr on $67,924 invested. Return on cash invested sits at 26.32% in year one, and rental yield is 10.45% on a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 138.19% and total cumulative return in cash sums $93,862. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,784/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61264, Milan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,802 (100%) |
| Owner Occupied HU | 3,339 (69.5%) |
| Renter Occupied HU | 1,048 (21.8%) |
| Vacant Housing Units | 415 ( 8.6%) |
| Median Home Value | $183,859 |
| Average Home Value | $200,162 |
Housing Distribution
Address Breakdown
Residential
4,785
Single Family
4,379
Multi-Family
406
Businesses
446
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Listed by: Taryn Kobernat • Keller Williams Greater Quad Cities / Midwest Partners
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4260447
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.