308 Heeren DrWinnebagoIL61088
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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 Winnebago at 308 Heeren Dr, Winnebago, IL, 61088 listed at $299,900 pairs $3,629/mo rent with a $1,468/mo payment to leave $1,549/mo cash flow. Total monthly income runs $3,629/mo, and annual cash flow reaches $18,584/yr on $99,417 cash to close. Return on cash invested measures 38.6% in year one, and rental yield registers 14.52% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 204.07% and total cumulative return in cash totals $202,876. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,629/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61088, Winnebago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,332 (100%) |
| Owner Occupied HU | 1,936 (83.0%) |
| Renter Occupied HU | 267 (11.4%) |
| Vacant Housing Units | 129 ( 5.5%) |
| Median Home Value | $216,291 |
| Average Home Value | $256,985 |
Housing Distribution
Address Breakdown
Residential
2,244
Single Family
2,244
Multi-Family
0
Businesses
127
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Listed by: Katie Oehlberg • Re/Max Property Source
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404798
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.