308 E Wait StCerro GordoIL61818
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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 Cerro Gordo at 308 E Wait St, Cerro Gordo, IL, 61818 earns from $0/mo rent with a $754/mo payment. Total monthly income totals $0/mo. ROI tracks -5.21% on current figures, and rental yield reads 0% at a $154,000 purchase. Equity gained on principal adds $994/yr, and 5% annual appreciation supports $42,547 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1935
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61818, Cerro Gordo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 514 (73.6%) |
| Renter Occupied HU | 124 (17.8%) |
| Vacant Housing Units | 60 ( 8.6%) |
| Median Home Value | $127,500 |
| Average Home Value | $148,278 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
36
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No similar rental properties found nearby.
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Listed by: Tony Piraino • Brinkoetter REALTORS
Mls Name: CIBR
Mls ID: #6256083