407 N Genesee StMorrisonIL61270
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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 Morrison at 407 N Genesee St, Morrison, IL, 61270 uses $36,432 cash to close to unlock $1,183/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $861/mo, and a $538/mo payment keeps the spread at $99/mo. Purchase price stands at $109,900, and rental yield measures 9.4% with $861/mo rent. Return on cash invested shows 23.16% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 121.29% and total cumulative return in cash records $44,188. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $861/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1898
9,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61270, Morrison, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,183 (100%) |
| Owner Occupied HU | 2,370 (74.5%) |
| Renter Occupied HU | 493 (15.5%) |
| Vacant Housing Units | 320 (10.1%) |
| Median Home Value | $172,945 |
| Average Home Value | $213,998 |
Housing Distribution
Address Breakdown
Residential
3,005
Single Family
2,947
Multi-Family
58
Businesses
223
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