575 Strack St #302CortlandIL60112
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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 Cortland at 575 Strack St #302, Cortland, IL, 60112 uses $59,504 cash to close to unlock $2,070/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $1,418/mo, and a $879/mo payment keeps the spread at $173/mo. Purchase price stands at $179,500, and rental yield measures 9.48% with $1,418/mo rent. Return on cash invested shows 23.39% in year one, and 5% annual appreciation builds toward $49,593 over five years. Five-year ROI reaches 122.52% and total cumulative return in cash records $72,904. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,418/mo property income covering a $879/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A 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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