3910 W Il Rte #64Mount MorrisIL61054
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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
Rental property for sale in Mount Morris at 3910 W Il Rte #64, Mount Morris, IL, 61054 generates $600/mo in rent, after a $3,891/mo payment. Total monthly income is $600/mo. Return on cash invested sits at -2.49% in year one, and rental yield is 0.91% on a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation builds toward $219,644 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $600/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61054, Mount Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,164 (61.2%) |
| Renter Occupied HU | 529 (27.8%) |
| Vacant Housing Units | 210 (11.0%) |
| Median Home Value | $176,750 |
| Average Home Value | $237,317 |
Housing Distribution
Address Breakdown
Residential
1,697
Single Family
1,605
Multi-Family
92
Businesses
93
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Listed by: Jennifer Rybicki • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503570
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