407 23rd AveFultonIL61252
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
Investment property for sale in Fulton at 407 23rd Ave, Fulton, IL, 61252 offers a 15.02% rental yield on a $104,900 purchase with $1,313/mo rent. Total monthly income registers $1,313/mo, and a $513/mo payment leaves $586/mo available for distribution. Annual cash flow reaches $7,030/yr on $34,774 to close, and return on cash invested stands at 40.12% in year one. Equity gained on principal adds $677/yr while 5% annual appreciation supports $28,982 over five years. Portfolio math shows five-year ROI at 212.28% and total cumulative return in cash at $73,818. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,313/mo property income against a $513/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
8,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61252, Fulton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,613 (100%) |
| Owner Occupied HU | 1,876 (71.8%) |
| Renter Occupied HU | 472 (18.1%) |
| Vacant Housing Units | 265 (10.1%) |
| Median Home Value | $164,495 |
| Average Home Value | $221,247 |
Housing Distribution
Address Breakdown
Residential
2,458
Single Family
2,395
Multi-Family
63
Businesses
203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathleen Suehl • Windmill Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4265348
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.