516 Christopher StMorrisonIL61270
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
Investment property for sale in Morrison at 516 Christopher St, Morrison, IL, 61270 with 5% annual appreciation on a $175,000 basis while $1,488/mo rent supports operations. Total monthly income totals $1,488/mo and a $857/mo payment preserves $274/mo for cash returns. Annual cash flow comes to $3,284/yr on $58,013 deployed, and return on cash invested reaches 25.57% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 10.2%. Five-year ROI measures 134.22% and total cumulative return in cash totals $77,863.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,488/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
9,975 sqft 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