307 Grant AveDixonIL61021
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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 Dixon at 307 Grant Ave, Dixon, IL, 61021 priced at $114,900 converts $890/mo rent into $93/mo cash flow after a $562/mo obligation. Total monthly income equals $890/mo, and annual cash flow totals $1,121/yr on $38,089 invested. Return on cash invested prints 22.85% in year one, and rental yield reads 9.3% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 119.66% and total cumulative return in cash sums $45,578. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $890/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in 1880
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: Viridiana Moreno • Re/Max Property Source
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500544
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.