420 N Chestnut StByronIL61010
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
Rental property for sale in Byron at 420 N Chestnut St, Byron, IL, 61010 priced at $113,000 converts $1,452/mo rent into $636/mo cash flow after a $553/mo obligation. Total monthly income equals $1,452/mo, and annual cash flow totals $7,631/yr on $37,460 invested. Return on cash invested prints 40.28% in year one, and rental yield reads 15.42% against a $113,000 entry. Equity gained on principal adds $729/yr, while 5% annual appreciation compiles into $31,220 by year five. Five-year ROI reaches 213.43% and total cumulative return in cash sums $79,949. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,452/mo property income covering a $553/mo payment, not borrower’s personal income.
Single Family
Built in 1915
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61010, Byron, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,074 (100%) |
| Owner Occupied HU | 2,309 (75.1%) |
| Renter Occupied HU | 558 (18.2%) |
| Vacant Housing Units | 207 ( 6.7%) |
| Median Home Value | $235,309 |
| Average Home Value | $274,097 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,900
Multi-Family
0
Businesses
173
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lyrah Austin-Bushnell • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502929
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.