509 W 14th StSterlingIL61081
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
Investment Highlights
Rental property for sale in Sterling at 509 W 14th St, Sterling, IL, 61081 generates $1,643/mo in rent and, after a $1,126/mo payment, leaves $47/mo in cash flow. Total monthly income is $1,643/mo, and annual cash flow is $569/yr on $76,245 invested. Return on cash invested sits at 20.66% in year one, and rental yield is 8.57% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 107.87% and total cumulative return in cash sums $82,243. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,643/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices