512 E South StDurandIL61024
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 Durand at 512 E South St, Durand, IL, 61024 priced at $105,000 pairs $2,011/mo rent with $1,264/mo cash flow after a $514/mo payment. Total monthly income equals $2,011/mo, and annual cash flow comes to $15,163/yr on $34,808 invested. Return on cash invested is 63.47% in year one, and rental yield stands at 22.98% on a $105,000 basis. Equity gained on principal adds $678/yr, and 5% annual appreciation accumulates to $29,010 by year five. Five-year ROI measures 337.73% and total cumulative return in cash reaches $117,554. For financing, Ziffy Mortgage’s DSCR program evaluates $2,011/mo property income against a $514/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1886
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61024, Durand, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 938 (78.4%) |
| Renter Occupied HU | 190 (15.9%) |
| Vacant Housing Units | 68 ( 5.7%) |
| Median Home Value | $231,818 |
| Average Home Value | $256,415 |
Housing Distribution
Address Breakdown
Residential
966
Single Family
953
Multi-Family
13
Businesses
66
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Listed by: Penny Hansen • Century 21 Affiliated
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404129
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.