490 N Front StOlmstedIL62970
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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 Olmsted at 490 N Front St, Olmsted, IL, 62970 earns $84/mo cash flow from $881/mo rent with a $562/mo payment. Total monthly income totals $881/mo, and annual cash flow totals $1,013/yr on $38,089 capital. ROI tracks 22.57% on current figures, and rental yield reads 9.2% at a $114,900 purchase. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 over five years. Five-year ROI reaches 118.18% and total cumulative return in cash sums $45,014. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $881/mo property income instead of your personal income.
Manufactured
Built in 2021
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62970, Olmsted, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 316 (100%) |
| Owner Occupied HU | 224 (70.9%) |
| Renter Occupied HU | 49 (15.5%) |
| Vacant Housing Units | 43 (13.6%) |
| Median Home Value | $115,625 |
| Average Home Value | $135,949 |
Housing Distribution
Address Breakdown
Residential
202
Single Family
202
Multi-Family
0
Businesses
16
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Listed by: Kimberly Wilkins • RE/MAX ADVANTAGE
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB454200
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.