311 E Front StByronIL61010
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 Byron at 311 E Front St, Byron, IL, 61010 offers $1,020/mo rent that, after a $665/mo payment, leaves $78/mo cash flow. Total monthly income is $1,020/mo, and annual cash flow is $930/yr on $45,051 cash. Return on cash invested measures 21.97% in year one, and rental yield stands at 9.01% at a $135,900 entry. Equity gained on principal adds $877/yr while 5% annual appreciation compounds into $37,547 by year five. Five-year ROI records 114.95% and total cumulative return in cash reaches $51,787. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,020/mo property income versus a $665/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61010, Byron, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,074 (100%) |
| Owner Occupied HU | 2,309 (75.1%) |
| Renter Occupied HU | 558 (18.2%) |
| Vacant Housing Units | 207 ( 6.7%) |
| Median Home Value | $235,309 |
| Average Home Value | $274,097 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,900
Multi-Family
0
Businesses
173
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