401 E 1st StOglesbyIL61348
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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 Oglesby at 401 E 1st St, Oglesby, IL, 61348 uses $49,725 cash to close to unlock $6,393/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $1,573/mo, and a $734/mo payment keeps the spread at $533/mo. Purchase price stands at $150,000, and rental yield measures 12.58% with $1,573/mo rent. Return on cash invested shows 32.77% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 172.78% and total cumulative return in cash records $85,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,573/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in N/A
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61348, Oglesby, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,217 (100%) |
| Owner Occupied HU | 1,532 (69.1%) |
| Renter Occupied HU | 466 (21.0%) |
| Vacant Housing Units | 219 ( 9.9%) |
| Median Home Value | $155,689 |
| Average Home Value | $191,312 |
Housing Distribution
Address Breakdown
Residential
2,092
Single Family
2,060
Multi-Family
32
Businesses
143
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Listed by: Wendy Fulmer • Coldwell Banker Today's
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503312
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.