505 6th AveSterlingIL61081
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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 Sterling at 505 6th Ave, Sterling, IL, 61081 listed at $108,900 pairs $828/mo rent with a $533/mo payment to leave $73/mo cash flow. Total monthly income runs $828/mo, and annual cash flow reaches $872/yr on $36,100 cash to close. Return on cash invested measures 22.32% in year one, and rental yield registers 9.12% at a $108,900 basis. Equity gained on principal adds $703/yr, and annual property appreciation at 5% supports $30,087 by year five. Five-year ROI tracks 116.81% and total cumulative return in cash totals $42,170. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $828/mo property income relative to a $533/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61081, Sterling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,878 (100%) |
| Owner Occupied HU | 6,312 (63.9%) |
| Renter Occupied HU | 2,688 (27.2%) |
| Vacant Housing Units | 878 ( 8.9%) |
| Median Home Value | $134,141 |
| Average Home Value | $195,416 |
Housing Distribution
Address Breakdown
Residential
9,074
Single Family
8,249
Multi-Family
825
Businesses
692
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