593 Park AveBelvidereIL61008
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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 Belvidere at 593 Park Ave, Belvidere, IL, 61008 earns from $793/mo rent with a $514/mo payment. Total monthly income totals $793/mo. ROI tracks -3.69% on current figures, and rental yield reads 9.06% at a $105,000 purchase. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $793/mo property income instead of your personal income.
Manufactured
Built in 2014
N/A lot
$N/A/sqft
$749 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61008, Belvidere, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,954 (100%) |
| Owner Occupied HU | 9,284 (71.7%) |
| Renter Occupied HU | 3,087 (23.8%) |
| Vacant Housing Units | 583 ( 4.5%) |
| Median Home Value | $198,963 |
| Average Home Value | $235,058 |
Housing Distribution
Address Breakdown
Residential
12,742
Single Family
12,220
Multi-Family
522
Businesses
839
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Listed by: Matthew Lysien • Suburban Life Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500904
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