310 N Illinois AveDe LandIL61839
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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 De Land at 310 N Illinois Ave, De Land, IL, 61839 priced at $110,000 converts $0/mo rent into after a $538/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.19% in year one, and rental yield reads 0% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1940
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61839, De Land, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 286 (100%) |
| Owner Occupied HU | 223 (78.0%) |
| Renter Occupied HU | 45 (15.7%) |
| Vacant Housing Units | 18 ( 6.3%) |
| Median Home Value | $229,762 |
| Average Home Value | $241,143 |
Housing Distribution
Address Breakdown
Residential
133
Single Family
133
Multi-Family
0
Businesses
14
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No similar rental properties found nearby.
Nearby investment properties with comparable prices