329 S Nelson AveMortonIL61550
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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 Morton at 329 S Nelson Ave, Morton, IL, 61550 priced at $204,900 converts $1,940/mo rent into $519/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,940/mo, and annual cash flow totals $6,224/yr on $67,924 invested. Return on cash invested prints 29.07% in year one, and rental yield reads 11.36% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 152.97% and total cumulative return in cash sums $103,906. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,940/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1947
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61550, Morton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,208 (100%) |
| Owner Occupied HU | 6,070 (74.0%) |
| Renter Occupied HU | 1,646 (20.1%) |
| Vacant Housing Units | 492 ( 6.0%) |
| Median Home Value | $256,664 |
| Average Home Value | $269,464 |
Housing Distribution
Address Breakdown
Residential
8,202
Single Family
7,148
Multi-Family
1,054
Businesses
735
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