344 E Stratford AveCortlandIL60112
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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
Investment property for sale in Cortland at 344 E Stratford Ave, Cortland, IL, 60112 at $234,900 posts ROI 26.34% with $417/mo cash flow from $2,047/mo rent. Total monthly income equals $2,047/mo, and annual cash flow records $5,009/yr on $77,869 to close. Return on cash invested measures 26.34% and rental yield reads 10.46% at the current $234,900. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,899 by year five. Five-year ROI prints 138.37% and total cumulative return in cash totals $107,745.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,047/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 2023
N/A 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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