514 S Goodling StWinnebagoIL61088
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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
Rental property for sale in Winnebago at 514 S Goodling St, Winnebago, IL, 61088 offers $1,963/mo rent that, after a $1,028/mo payment, leaves $506/mo cash flow. Total monthly income is $1,963/mo, and annual cash flow is $6,075/yr on $69,615 cash. Return on cash invested measures 28.64% in year one, and rental yield stands at 11.22% at a $210,000 entry. Equity gained on principal adds $1,355/yr while 5% annual appreciation compounds into $58,019 by year five. Five-year ROI records 150.68% and total cumulative return in cash reaches $104,896. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,963/mo property income versus a $1,028/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61088, Winnebago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,332 (100%) |
| Owner Occupied HU | 1,936 (83.0%) |
| Renter Occupied HU | 267 (11.4%) |
| Vacant Housing Units | 129 ( 5.5%) |
| Median Home Value | $216,291 |
| Average Home Value | $256,985 |
Housing Distribution
Address Breakdown
Residential
2,244
Single Family
2,244
Multi-Family
0
Businesses
127
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