3060 Cemetery RdMorrisIL60450
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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
Investment property for sale in Morris at 3060 Cemetery Rd, Morris, IL, 60450 uses $90,831 cash to close to unlock $3,115/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,341/mo payment keeps the spread at $260/mo. Purchase price stands at $274,000, and rental yield measures 9.46% with $2,160/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $75,701 over five years. Five-year ROI reaches 122.24% and total cumulative return in cash records $111,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,341/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60450, Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,423 (100%) |
| Owner Occupied HU | 6,109 (64.8%) |
| Renter Occupied HU | 2,787 (29.6%) |
| Vacant Housing Units | 527 ( 5.6%) |
| Median Home Value | $303,781 |
| Average Home Value | $338,448 |
Housing Distribution
Address Breakdown
Residential
8,789
Single Family
7,660
Multi-Family
1,129
Businesses
890
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