31 Crescent LakeAlphaIL61413
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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 Alpha at 31 Crescent Lake, Alpha, IL, 61413 offers $864/mo rent that, after a $538/mo payment, leaves $84/mo cash flow. Total monthly income is $864/mo, and annual cash flow is $1,002/yr on $36,465 cash. Return on cash invested measures 22.66% in year one, and rental yield stands at 9.43% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 118.83% and total cumulative return in cash reaches $43,332. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $864/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
N/A lot
$N/A/sqft
$215 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61413, Alpha, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 488 (100%) |
| Owner Occupied HU | 371 (76.0%) |
| Renter Occupied HU | 67 (13.7%) |
| Vacant Housing Units | 50 (10.2%) |
| Median Home Value | $152,841 |
| Average Home Value | $179,434 |
Housing Distribution
Address Breakdown
Residential
256
Single Family
256
Multi-Family
0
Businesses
31
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Listed by: Mike Pezley • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262007
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.