316 Bruce AveMilanIL61264
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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 Milan at 316 Bruce Ave, Milan, IL, 61264 priced at $164,500 pairs $1,103/mo rent with after a $805/mo payment. Total monthly income equals $1,103/mo. Return on cash invested is 17.78% in year one, and rental yield stands at 8.05% on a $164,500 basis. Equity gained on principal adds $1,061/yr, and 5% annual appreciation accumulates to $45,448 by year five. Five-year ROI measures 92.97% and total cumulative return in cash reaches $50,698. For financing, Ziffy Mortgage’s DSCR program evaluates $1,103/mo property income against a $805/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61264, Milan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,802 (100%) |
| Owner Occupied HU | 3,339 (69.5%) |
| Renter Occupied HU | 1,048 (21.8%) |
| Vacant Housing Units | 415 ( 8.6%) |
| Median Home Value | $183,859 |
| Average Home Value | $200,162 |
Housing Distribution
Address Breakdown
Residential
4,785
Single Family
4,379
Multi-Family
406
Businesses
446
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Listed by: Lisa Deines • RE/MAX Concepts Moline
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261870
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.