553 Northwestern AveSouth BeloitIL61080
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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 South Beloit at 553 Northwestern Ave, South Beloit, IL, 61080 uses $58,642 cash to close to unlock $6,274/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $1,750/mo, and a $866/mo payment keeps the spread at $523/mo. Purchase price stands at $176,900, and rental yield measures 11.87% with $1,750/mo rent. Return on cash invested shows 30.61% in year one, and 5% annual appreciation builds toward $48,874 over five years. Five-year ROI reaches 161.19% and total cumulative return in cash records $94,527. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,750/mo property income covering a $866/mo payment rather than investor’s personal income.
Single Family
Built in 1945
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61080, South Beloit, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,686 (100%) |
| Owner Occupied HU | 3,293 (70.3%) |
| Renter Occupied HU | 1,040 (22.2%) |
| Vacant Housing Units | 353 ( 7.5%) |
| Median Home Value | $195,268 |
| Average Home Value | $228,383 |
Housing Distribution
Address Breakdown
Residential
4,437
Single Family
4,253
Multi-Family
184
Businesses
307
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Listed by: Patrick Sullivan • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202504107