602 E Hurlbut 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 602 E Hurlbut Ave, Belvidere, IL, 61008 with 5% annual appreciation on a $124,900 basis while $1,307/mo rent supports operations. Total monthly income totals $1,307/mo and a $611/mo payment preserves $395/mo for cash returns. Annual cash flow comes to $4,741/yr on $41,404 deployed, and return on cash invested reaches 31.36% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,508 alongside rental yield of 12.56%. Five-year ROI measures 165.83% and total cumulative return in cash totals $68,662.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,307/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
N/A lot
$N/A/sqft
No 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: Joseph Eurek • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202402423
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.