408 E Ririe Pl #0FlanaganIL61740
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 408 E Ririe Pl #0, Flanagan, IL, 61740 in Flanagan is priced for capital growth, not immediate cash flow. The $105,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $29,010 by year five, with $967/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $350 |
City averages based on Flanagan market data in our database. Property projections are estimates.
Condo
Built in 1982
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61740, Flanagan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 481 (69.6%) |
| Renter Occupied HU | 117 (16.9%) |
| Vacant Housing Units | 93 (13.5%) |
| Median Home Value | $159,604 |
| Average Home Value | $172,853 |
Housing Distribution
Address Breakdown
Residential
485
Single Family
485
Multi-Family
0
Businesses
53
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Condo
Built in 1982
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61740, Flanagan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 481 (69.6%) |
| Renter Occupied HU | 117 (16.9%) |
| Vacant Housing Units | 93 (13.5%) |
| Median Home Value | $159,604 |
| Average Home Value | $172,853 |
Housing Distribution
Address Breakdown
Residential
485
Single Family
485
Multi-Family
0
Businesses
53
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices