408 E 4th StSpring ValleyIL61362
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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 Spring Valley at 408 E 4th St, Spring Valley, IL, 61362 uses $62,654 cash to close to unlock $2,113/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $925/mo payment keeps the spread at $176/mo. Purchase price stands at $189,000, and rental yield measures 9.44% with $1,487/mo rent. Return on cash invested shows 23.28% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 121.98% and total cumulative return in cash records $76,426. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61362, Spring Valley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,640 (100%) |
| Owner Occupied HU | 1,656 (62.7%) |
| Renter Occupied HU | 756 (28.6%) |
| Vacant Housing Units | 228 ( 8.6%) |
| Median Home Value | $150,794 |
| Average Home Value | $162,109 |
Housing Distribution
Address Breakdown
Residential
2,534
Single Family
2,366
Multi-Family
168
Businesses
171
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Listed by: Alice Green • Starved Rock Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12548635