318 N 4th StSavannaIL61074
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
Investment property for sale in Savanna at 318 N 4th St, Savanna, IL, 61074 uses $91,163 cash to close to unlock $390/yr annual cash flow and $33/mo monthly cash flow. Total monthly income runs $1,940/mo, and a $1,346/mo payment keeps the spread at $33/mo. Purchase price stands at $275,000, and rental yield measures 8.47% with $1,940/mo rent. Return on cash invested shows 20.34% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 106.13% and total cumulative return in cash records $96,755. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,940/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1918
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61074, Savanna, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,294 (100%) |
| Owner Occupied HU | 1,393 (60.7%) |
| Renter Occupied HU | 505 (22.0%) |
| Vacant Housing Units | 396 (17.3%) |
| Median Home Value | $112,054 |
| Average Home Value | $154,907 |
Housing Distribution
Address Breakdown
Residential
1,933
Single Family
1,859
Multi-Family
74
Businesses
165
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices