593 Knox Rd #2000-NWatagaIL61488
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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 Wataga at 593 Knox Rd #2000-N, Wataga, IL, 61488 generates $988/mo in rent and, after a $611/mo payment, leaves $122/mo in cash flow. Total monthly income is $988/mo, and annual cash flow is $1,464/yr on $41,404 invested. Return on cash invested sits at 23.44% in year one, and rental yield is 9.49% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 122.76% and total cumulative return in cash sums $50,830. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $988/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61488, Wataga, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 489 (100%) |
| Owner Occupied HU | 349 (71.4%) |
| Renter Occupied HU | 93 (19.0%) |
| Vacant Housing Units | 47 ( 9.6%) |
| Median Home Value | $107,552 |
| Average Home Value | $138,811 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
298
Multi-Family
0
Businesses
19
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