506 S Garfield StLeaf RiverIL61047
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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 Leaf River at 506 S Garfield St, Leaf River, IL, 61047 at $155,000 posts ROI 31.25% with $486/mo cash flow from $1,561/mo rent. Total monthly income equals $1,561/mo, and annual cash flow records $5,826/yr on $51,383 to close. Return on cash invested measures 31.25% and rental yield reads 12.09% at the current $155,000. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 by year five. Five-year ROI prints 164.68% and total cumulative return in cash totals $84,616.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,561/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61047, Leaf River, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 518 (69.9%) |
| Renter Occupied HU | 125 (16.9%) |
| Vacant Housing Units | 98 (13.2%) |
| Median Home Value | $244,286 |
| Average Home Value | $267,264 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
579
Multi-Family
0
Businesses
29
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Listed by: Paige Miller • Re/Max Professional Advantage
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502436
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.