506 E Lincolnway RdMorrisonIL61270
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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 Morrison at 506 E Lincolnway Rd, Morrison, IL, 61270 uses $56,355 cash to close to unlock $1,580/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $1,327/mo, and a $832/mo payment keeps the spread at $132/mo. Purchase price stands at $170,000, and rental yield measures 9.37% with $1,327/mo rent. Return on cash invested shows 22.71% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 119% and total cumulative return in cash records $67,065. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,327/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61270, Morrison, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,183 (100%) |
| Owner Occupied HU | 2,370 (74.5%) |
| Renter Occupied HU | 493 (15.5%) |
| Vacant Housing Units | 320 (10.1%) |
| Median Home Value | $172,945 |
| Average Home Value | $213,998 |
Housing Distribution
Address Breakdown
Residential
3,005
Single Family
2,947
Multi-Family
58
Businesses
223
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Listed by: Chris McDanel • EXP REALTY, LLC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261983
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.