345 9th StLa SalleIL61301
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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 La Salle at 345 9th St, La Salle, IL, 61301 uses $48,068 cash to close to unlock $1,343/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $1,118/mo, and a $710/mo payment keeps the spread at $112/mo. Purchase price stands at $145,000, and rental yield measures 9.25% with $1,118/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 118.82% and total cumulative return in cash records $57,116. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,118/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1898
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61301, La Salle, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,881 (100%) |
| Owner Occupied HU | 2,845 (58.3%) |
| Renter Occupied HU | 1,595 (32.7%) |
| Vacant Housing Units | 441 ( 9.0%) |
| Median Home Value | $153,067 |
| Average Home Value | $211,757 |
Housing Distribution
Address Breakdown
Residential
4,558
Single Family
4,307
Multi-Family
251
Businesses
464
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Listed by: Wendy Fulmer • Coldwell Banker Today's
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503631
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.