317 Bank StLenaIL61048
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 Lena at 317 Bank St, Lena, IL, 61048 priced at $289,900 pairs $2,455/mo rent with $444/mo cash flow after a $1,419/mo payment. Total monthly income equals $2,455/mo, and annual cash flow comes to $5,329/yr on $96,102 invested. Return on cash invested is 25.45% in year one, and rental yield stands at 10.16% on a $289,900 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,094 by year five. Five-year ROI measures 133.6% and total cumulative return in cash reaches $128,397. For financing, Ziffy Mortgage’s DSCR program evaluates $2,455/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61048, Lena, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,875 (100%) |
| Owner Occupied HU | 1,447 (77.2%) |
| Renter Occupied HU | 284 (15.1%) |
| Vacant Housing Units | 144 ( 7.7%) |
| Median Home Value | $181,929 |
| Average Home Value | $218,842 |
Housing Distribution
Address Breakdown
Residential
1,635
Single Family
1,526
Multi-Family
109
Businesses
138
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Listed by: ADAM WERHANE • Pat Brown Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405278
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.