508 7th StLa SalleIL61301
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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 La Salle at 508 7th St, La Salle, IL, 61301 offers a 9.1% rental yield on a $123,900 purchase with $940/mo rent. Total monthly income registers $940/mo, and a $606/mo payment leaves $81/mo available for distribution. Annual cash flow reaches $972/yr on $41,073 to close, and return on cash invested stands at 22.28% in year one. Equity gained on principal adds $800/yr while 5% annual appreciation supports $34,231 over five years. Portfolio math shows five-year ROI at 116.65% and total cumulative return in cash at $47,912. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $940/mo property income against a $606/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1898
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61301, La Salle, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,881 (100%) |
| Owner Occupied HU | 2,845 (58.3%) |
| Renter Occupied HU | 1,595 (32.7%) |
| Vacant Housing Units | 441 ( 9.0%) |
| Median Home Value | $153,067 |
| Average Home Value | $211,757 |
Housing Distribution
Address Breakdown
Residential
4,558
Single Family
4,307
Multi-Family
251
Businesses
464
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