601 W Sycamore StMillingtonIL60537
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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 Millington at 601 W Sycamore St, Millington, IL, 60537 listed at $309,900 pairs $2,896/mo rent with a $1,517/mo payment to leave $746/mo cash flow. Total monthly income runs $2,896/mo, and annual cash flow reaches $8,955/yr on $102,732 cash to close. Return on cash invested measures 28.63% in year one, and rental yield registers 11.21% at a $309,900 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,620 by year five. Five-year ROI tracks 150.59% and total cumulative return in cash totals $154,704. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,896/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60537, Millington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 148 (100%) |
| Owner Occupied HU | 120 (81.1%) |
| Renter Occupied HU | 23 (15.5%) |
| Vacant Housing Units | 5 ( 3.4%) |
| Median Home Value | $342,308 |
| Average Home Value | $359,542 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
8
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Listed by: N/A • N/A
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