586 Boulder DrMorrisIL60450
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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 Morris at 586 Boulder Dr, Morris, IL, 60450 priced at $299,900 pairs $1,560/mo rent with after a $1,468/mo payment. Total monthly income equals $1,560/mo. Return on cash invested is 13.63% in year one, and rental yield stands at 6.24% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 70.16% and total cumulative return in cash reaches $69,748. For financing, Ziffy Mortgage’s DSCR program evaluates $1,560/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2005
2,889 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60450, Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,423 (100%) |
| Owner Occupied HU | 6,109 (64.8%) |
| Renter Occupied HU | 2,787 (29.6%) |
| Vacant Housing Units | 527 ( 5.6%) |
| Median Home Value | $303,781 |
| Average Home Value | $338,448 |
Housing Distribution
Address Breakdown
Residential
8,789
Single Family
7,660
Multi-Family
1,129
Businesses
890
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