347 Misty Meadow LnDavis JunctionIL61020
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Davis Junction at 347 Misty Meadow Ln, Davis Junction, IL, 61020 priced at $292,000 converts $2,666/mo rent into $608/mo cash flow after a $1,429/mo obligation. Total monthly income equals $2,666/mo, and annual cash flow totals $7,302/yr on $96,798 invested. Return on cash invested prints 27.45% in year one, and rental yield reads 10.96% against a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation compiles into $80,674 by year five. Five-year ROI reaches 144.43% and total cumulative return in cash sums $139,808. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,666/mo property income covering a $1,429/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61020, Davis Junction, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,143 (100%) |
| Owner Occupied HU | 976 (85.4%) |
| Renter Occupied HU | 81 ( 7.1%) |
| Vacant Housing Units | 86 ( 7.5%) |
| Median Home Value | $207,593 |
| Average Home Value | $225,679 |
Housing Distribution
Address Breakdown
Residential
1,092
Single Family
1,092
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Adams • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503406
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.