38 Surrey RdMontgomeryIL60538
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 Montgomery at 38 Surrey Rd, Montgomery, IL, 60538 priced at $269,000 converts $2,520/mo rent into $654/mo cash flow after a $1,317/mo obligation. Total monthly income equals $2,520/mo, and annual cash flow totals $7,845/yr on $89,174 invested. Return on cash invested prints 28.71% in year one, and rental yield reads 11.24% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 151% and total cumulative return in cash sums $134,651. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 1976
9,138 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60538, Montgomery, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,298 (100%) |
| Owner Occupied HU | 8,095 (78.6%) |
| Renter Occupied HU | 1,961 (19.0%) |
| Vacant Housing Units | 242 ( 2.3%) |
| Median Home Value | $261,970 |
| Average Home Value | $273,612 |
Housing Distribution
Address Breakdown
Residential
10,214
Single Family
9,940
Multi-Family
274
Businesses
424
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Listed by: Laura Robert, AHWD,CSC,PSA • Century 21 Circle
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12534407