504 S Preston StCortlandIL60112
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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 Cortland at 504 S Preston St, Cortland, IL, 60112 uses $77,869 cash to close to unlock $4,541/yr annual cash flow and $378/mo monthly cash flow. Total monthly income runs $2,008/mo, and a $1,150/mo payment keeps the spread at $378/mo. Purchase price stands at $234,900, and rental yield measures 10.26% with $2,008/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 135.11% and total cumulative return in cash records $105,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,008/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Multi Family
Built in 2025
3,872 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
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