532 7th StLa SalleIL61301
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 La Salle at 532 7th St, La Salle, IL, 61301 uses $66,300 cash to close to unlock $1,496/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $1,512/mo, and a $979/mo payment keeps the spread at $125/mo. Purchase price stands at $199,999, and rental yield measures 9.07% with $1,512/mo rent. Return on cash invested shows 22.17% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 115.94% and total cumulative return in cash records $76,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,512/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61301, La Salle, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,881 (100%) |
| Owner Occupied HU | 2,845 (58.3%) |
| Renter Occupied HU | 1,595 (32.7%) |
| Vacant Housing Units | 441 ( 9.0%) |
| Median Home Value | $153,067 |
| Average Home Value | $211,757 |
Housing Distribution
Address Breakdown
Residential
4,558
Single Family
4,307
Multi-Family
251
Businesses
464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices