413 N Charles StCortlandIL60112
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 Cortland at 413 N Charles St, Cortland, IL, 60112 earns $32/mo cash flow from $1,565/mo rent with a $1,082/mo payment. Total monthly income totals $1,565/mo, and annual cash flow totals $381/yr on $73,262 capital. ROI tracks 20.43% on current figures, and rental yield reads 8.5% at a $221,000 purchase. Equity gained on principal adds $1,426/yr, and 5% annual appreciation supports $61,058 over five years. Five-year ROI reaches 106.62% and total cumulative return in cash sums $78,109. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,565/mo property income instead of your personal income.
Townhouse
Built in 2006
640 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60112, Cortland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,721 (100%) |
| Owner Occupied HU | 1,303 (75.7%) |
| Renter Occupied HU | 363 (21.1%) |
| Vacant Housing Units | 55 ( 3.2%) |
| Median Home Value | $197,400 |
| Average Home Value | $220,353 |
Housing Distribution
Address Breakdown
Residential
1,668
Single Family
1,458
Multi-Family
210
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices