493 Reaba AveCongervilleIL61729
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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 Congerville at 493 Reaba Ave, Congerville, IL, 61729 priced at $490,000 converts $3,266/mo rent into after a $2,398/mo obligation. Total monthly income equals $3,266/mo. Return on cash invested prints 18.93% in year one, and rental yield reads 8% against a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation compiles into $135,378 by year five. Five-year ROI reaches 98.58% and total cumulative return in cash sums $160,128. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,266/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2006
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61729, Congerville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 403 (100%) |
| Owner Occupied HU | 333 (82.6%) |
| Renter Occupied HU | 43 (10.7%) |
| Vacant Housing Units | 27 ( 6.7%) |
| Median Home Value | $284,804 |
| Average Home Value | $308,116 |
Housing Distribution
Address Breakdown
Residential
365
Single Family
365
Multi-Family
0
Businesses
26
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Listed by: Mari Halliday-Duncan • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls ID: #PA1262001