602 N 29th RdLa SalleIL61301
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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 La Salle at 602 N 29th Rd, La Salle, IL, 61301 uses $112,710 cash to close to unlock $8,278/yr annual cash flow and $690/mo monthly cash flow. Total monthly income runs $3,048/mo, and a $1,664/mo payment keeps the spread at $690/mo. Purchase price stands at $340,000, and rental yield measures 10.76% with $3,048/mo rent. Return on cash invested shows 27.25% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 143.2% and total cumulative return in cash records $161,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,048/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61301, La Salle, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,881 (100%) |
| Owner Occupied HU | 2,845 (58.3%) |
| Renter Occupied HU | 1,595 (32.7%) |
| Vacant Housing Units | 441 ( 9.0%) |
| Median Home Value | $153,067 |
| Average Home Value | $211,757 |
Housing Distribution
Address Breakdown
Residential
4,558
Single Family
4,307
Multi-Family
251
Businesses
464
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