324 N Blue Jay StCortlandIL60112
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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 Cortland at 324 N Blue Jay St, Cortland, IL, 60112 offers $2,142/mo rent that, after a $1,737/mo payment. Total monthly income is $2,142/mo. Return on cash invested measures 16.65% in year one, and rental yield stands at 7.24% at a $354,900 entry. Equity gained on principal adds $2,290/yr while 5% annual appreciation compounds into $98,052 by year five. Five-year ROI records 86.37% and total cumulative return in cash reaches $101,608. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,142/mo property income versus a $1,737/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60112, Cortland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,721 (100%) |
| Owner Occupied HU | 1,303 (75.7%) |
| Renter Occupied HU | 363 (21.1%) |
| Vacant Housing Units | 55 ( 3.2%) |
| Median Home Value | $197,400 |
| Average Home Value | $220,353 |
Housing Distribution
Address Breakdown
Residential
1,668
Single Family
1,458
Multi-Family
210
Businesses
74
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