530 S Preston StCortlandIL60112
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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 Cortland at 530 S Preston St, Cortland, IL, 60112 generates $2,720/mo in rent and, after a $1,297/mo payment, leaves $882/mo in cash flow. Total monthly income is $2,720/mo, and annual cash flow is $10,586/yr on $87,814 invested. Return on cash invested sits at 31.96% in year one, and rental yield is 12.32% on a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 168.51% and total cumulative return in cash sums $147,980. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,720/mo property income rather than buyer’s personal income.
Multi Family
Built in 2025
5,181 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60112, Cortland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,721 (100%) |
| Owner Occupied HU | 1,303 (75.7%) |
| Renter Occupied HU | 363 (21.1%) |
| Vacant Housing Units | 55 ( 3.2%) |
| Median Home Value | $197,400 |
| Average Home Value | $220,353 |
Housing Distribution
Address Breakdown
Residential
1,668
Single Family
1,458
Multi-Family
210
Businesses
74
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