309 Redman Way SWPoplar GroveIL61065
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
Investment property for sale in Poplar Grove at 309 Redman Way SW, Poplar Grove, IL, 61065 uses $84,698 cash to close to unlock $13,208/yr annual cash flow and $1,101/mo monthly cash flow. Total monthly income runs $3,001/mo, and a $1,251/mo payment keeps the spread at $1,101/mo. Purchase price stands at $255,500, and rental yield measures 14.09% with $3,001/mo rent. Return on cash invested shows 35.5% in year one, and 5% annual appreciation builds toward $70,590 over five years. Five-year ROI reaches 188.12% and total cumulative return in cash records $159,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,001/mo property income covering a $1,251/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.30 Acres lot
$N/A/sqft
$1,532 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61065, Poplar Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,132 (100%) |
| Owner Occupied HU | 3,437 (83.2%) |
| Renter Occupied HU | 478 (11.6%) |
| Vacant Housing Units | 217 ( 5.3%) |
| Median Home Value | $228,564 |
| Average Home Value | $271,308 |
Housing Distribution
Address Breakdown
Residential
3,898
Single Family
3,898
Multi-Family
0
Businesses
124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Romano-Huber • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202504208
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.