602 SE 13th StAledoIL61231
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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 Aledo at 602 SE 13th St, Aledo, IL, 61231 offers a 4.02% rental yield on a $365,000 purchase with $1,222/mo rent. 92% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 34.19% and total cumulative return in cash at $41,371. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,222/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
5.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61231, Aledo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,508 (100%) |
| Owner Occupied HU | 1,665 (66.4%) |
| Renter Occupied HU | 585 (23.3%) |
| Vacant Housing Units | 258 (10.3%) |
| Median Home Value | $155,101 |
| Average Home Value | $175,066 |
Housing Distribution
Address Breakdown
Residential
2,314
Single Family
2,155
Multi-Family
159
Businesses
240
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Listed by: Randy L Wilson • exp Realty, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035340
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.