306 E Ravine AveWillow SpringsIL60480
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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 Willow Springs at 306 E Ravine Ave, Willow Springs, IL, 60480 offers $1,200/mo rent that, after a $1,552/mo payment. Total monthly income is $1,200/mo. Return on cash invested measures 8.5% in year one, and rental yield stands at 4.54% at a $317,000 entry. Equity gained on principal adds $2,046/yr while 5% annual appreciation compounds into $87,581 by year five. Five-year ROI records 42.63% and total cumulative return in cash reaches $44,793. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $1,552/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60480, Willow Springs, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,337 (100%) |
| Owner Occupied HU | 1,991 (85.2%) |
| Renter Occupied HU | 224 ( 9.6%) |
| Vacant Housing Units | 122 ( 5.2%) |
| Median Home Value | $383,333 |
| Average Home Value | $500,295 |
Housing Distribution
Address Breakdown
Residential
2,322
Single Family
1,985
Multi-Family
337
Businesses
206
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Listed by: Catherine Bier • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12510066