349 Grand AveLoves ParkIL61111
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 Loves Park at 349 Grand Ave, Loves Park, IL, 61111 generates $1,566/mo in rent and, after a $710/mo payment, leaves $560/mo in cash flow. Total monthly income is $1,566/mo, and annual cash flow is $6,719/yr on $48,068 invested. Return on cash invested sits at 33.89% in year one, and rental yield is 12.96% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 178.79% and total cumulative return in cash sums $85,940. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,566/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61111, Loves Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,578 (100%) |
| Owner Occupied HU | 6,876 (65.0%) |
| Renter Occupied HU | 3,248 (30.7%) |
| Vacant Housing Units | 454 ( 4.3%) |
| Median Home Value | $166,525 |
| Average Home Value | $191,823 |
Housing Distribution
Address Breakdown
Residential
10,594
Single Family
10,170
Multi-Family
424
Businesses
1,016
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric Pritz • Century 21 Affiliated - Rockford
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12428101