327 W Garfield StFreeportIL61032
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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 Freeport at 327 W Garfield St, Freeport, IL, 61032 priced at $128,000 converts $983/mo rent into $96/mo cash flow after a $627/mo obligation. Total monthly income equals $983/mo, and annual cash flow totals $1,148/yr on $42,432 invested. Return on cash invested prints 22.61% in year one, and rental yield reads 9.22% against a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation compiles into $35,364 by year five. Five-year ROI reaches 118.35% and total cumulative return in cash sums $50,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $983/mo property income covering a $627/mo payment, not borrower’s personal income.
Single Family
Built in 1927
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61032, Freeport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,514 (100%) |
| Owner Occupied HU | 8,485 (58.5%) |
| Renter Occupied HU | 4,354 (30.0%) |
| Vacant Housing Units | 1,675 (11.5%) |
| Median Home Value | $117,056 |
| Average Home Value | $149,942 |
Housing Distribution
Address Breakdown
Residential
13,208
Single Family
12,024
Multi-Family
1,184
Businesses
1,072
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