507 Ash AveMorrisonIL61270
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 507 Ash Ave, Morrison, IL, 61270 in Morrison. At $124,500 it earns $1,147/mo in rent and distributes $284/mo to the owner after the $560/mo payment, a consistent 11.06% yield. DSCR 2.05 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $34,397 in value; $1,147/yr in principal paydown compounds ownership stake. Total projected return: $65,855.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.5% |
| Monthly Cash Flow | $284 | $1,200 |
City averages based on Morrison market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,147 |
| Total Monthly Debt Service | $814 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1958
0.29 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1958
0.29 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices