308 S Genesee StMorrisonIL61270
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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 Morrison at 308 S Genesee St, Morrison, IL, 61270 priced at $124,900 converts $971/mo rent into $105/mo cash flow after a $611/mo obligation. Total monthly income equals $971/mo, and annual cash flow totals $1,260/yr on $41,404 invested. Return on cash invested prints 22.95% in year one, and rental yield reads 9.33% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 120.13% and total cumulative return in cash sums $49,738. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $971/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 1924
3,392 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61270, Morrison, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,183 (100%) |
| Owner Occupied HU | 2,370 (74.5%) |
| Renter Occupied HU | 493 (15.5%) |
| Vacant Housing Units | 320 (10.1%) |
| Median Home Value | $172,945 |
| Average Home Value | $213,998 |
Housing Distribution
Address Breakdown
Residential
3,005
Single Family
2,947
Multi-Family
58
Businesses
223
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