308 Portage WayColonaIL61241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Colona at 308 Portage Way, Colona, IL, 61241 priced at $315,000 converts $2,527/mo rent into $184/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,527/mo, and annual cash flow totals $2,210/yr on $104,423 invested. Return on cash invested prints 22.02% in year one, and rental yield reads 9.63% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 115.87% and total cumulative return in cash sums $120,989. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,527/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 2013
7,405 sqft lot
$N/A/sqft
$25 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61241, Colona, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,961 (100%) |
| Owner Occupied HU | 2,412 (81.5%) |
| Renter Occupied HU | 372 (12.6%) |
| Vacant Housing Units | 177 ( 6.0%) |
| Median Home Value | $170,370 |
| Average Home Value | $193,296 |
Housing Distribution
Address Breakdown
Residential
2,836
Single Family
2,836
Multi-Family
0
Businesses
118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lexie Carstens • Real Broker, LLC - Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261839
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-20 23:32:50 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)