516 Fuller LnBelvidereIL61008
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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 Belvidere at 516 Fuller Ln, Belvidere, IL, 61008 with 5% annual appreciation on a $218,500 basis while $2,100/mo rent supports operations. Total monthly income totals $2,100/mo and a $1,069/mo payment preserves $485/mo for cash returns. Annual cash flow comes to $5,819/yr on $72,433 deployed, and return on cash invested reaches 27.94% in year one. Equity gained on principal adds $1,410/yr, and five-year appreciation sums $60,368 alongside rental yield of 11.53%. Five-year ROI measures 147.51% and total cumulative return in cash totals $106,844.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,100/mo property income versus a $1,069/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2008
5,663 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61008, Belvidere, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,954 (100%) |
| Owner Occupied HU | 9,284 (71.7%) |
| Renter Occupied HU | 3,087 (23.8%) |
| Vacant Housing Units | 583 ( 4.5%) |
| Median Home Value | $198,963 |
| Average Home Value | $235,058 |
Housing Distribution
Address Breakdown
Residential
12,742
Single Family
12,220
Multi-Family
522
Businesses
839
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