408 E Kyle StOgdenIL61859
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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 Ogden at 408 E Kyle St, Ogden, IL, 61859 offers $1,936/mo rent that, after a $585/mo payment, leaves $1,090/mo cash flow. Total monthly income is $1,936/mo, and annual cash flow is $13,084/yr on $39,621 cash. Return on cash invested measures 52.93% in year one, and rental yield stands at 19.44% at a $119,520 entry. Equity gained on principal adds $771/yr while 5% annual appreciation compounds into $33,021 by year five. Five-year ROI records 281.19% and total cumulative return in cash reaches $111,408. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,936/mo property income versus a $585/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61859, Ogden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 553 (100%) |
| Owner Occupied HU | 455 (82.3%) |
| Renter Occupied HU | 56 (10.1%) |
| Vacant Housing Units | 42 ( 7.6%) |
| Median Home Value | $224,038 |
| Average Home Value | $281,462 |
Housing Distribution
Address Breakdown
Residential
304
Single Family
304
Multi-Family
0
Businesses
37
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