322 W Catlin StElizabethIL61028
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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 Elizabeth at 322 W Catlin St, Elizabeth, IL, 61028 priced at $199,000 pairs $1,651/mo rent with $271/mo cash flow after a $974/mo payment. Total monthly income equals $1,651/mo, and annual cash flow comes to $3,248/yr on $65,969 invested. Return on cash invested is 24.83% in year one, and rental yield stands at 9.96% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 130.25% and total cumulative return in cash reaches $85,926. For financing, Ziffy Mortgage’s DSCR program evaluates $1,651/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61028, Elizabeth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,084 (100%) |
| Owner Occupied HU | 627 (57.8%) |
| Renter Occupied HU | 197 (18.2%) |
| Vacant Housing Units | 260 (24.0%) |
| Median Home Value | $247,642 |
| Average Home Value | $300,817 |
Housing Distribution
Address Breakdown
Residential
744
Single Family
734
Multi-Family
10
Businesses
82
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Listed by: Justin Bauer • Jim Sullivan Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404079
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.