308 7th AveSterlingIL61081
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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 Sterling at 308 7th Ave, Sterling, IL, 61081 with 5% annual appreciation on a $119,900 basis while $1,951/mo rent supports operations. Total monthly income totals $1,951/mo and a $587/mo payment preserves $1,119/mo for cash returns. Annual cash flow comes to $13,430/yr on $39,747 deployed, and return on cash invested reaches 53.7% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,126 alongside rental yield of 19.53%. Five-year ROI measures 285.12% and total cumulative return in cash totals $113,328.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,951/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61081, Sterling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,878 (100%) |
| Owner Occupied HU | 6,312 (63.9%) |
| Renter Occupied HU | 2,688 (27.2%) |
| Vacant Housing Units | 878 ( 8.9%) |
| Median Home Value | $134,141 |
| Average Home Value | $195,416 |
Housing Distribution
Address Breakdown
Residential
9,074
Single Family
8,249
Multi-Family
825
Businesses
692
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Listed by: JD Gieson • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404741
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.