603 Suncrest DrSherrardIL61281
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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 Sherrard at 603 Suncrest Dr, Sherrard, IL, 61281 listed at $242,000 pairs $2,204/mo rent with a $1,184/mo payment to leave $443/mo cash flow. Total monthly income runs $2,204/mo, and annual cash flow reaches $5,311/yr on $80,223 cash to close. Return on cash invested measures 26.53% in year one, and rental yield registers 10.93% at a $242,000 basis. Equity gained on principal adds $1,562/yr, and annual property appreciation at 5% supports $66,860 by year five. Five-year ROI tracks 139.79% and total cumulative return in cash totals $112,146. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,204/mo property income relative to a $1,184/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
0.77 Acres lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61281, Sherrard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,144 (100%) |
| Owner Occupied HU | 951 (83.1%) |
| Renter Occupied HU | 98 ( 8.6%) |
| Vacant Housing Units | 95 ( 8.3%) |
| Median Home Value | $222,949 |
| Average Home Value | $233,906 |
Housing Distribution
Address Breakdown
Residential
908
Single Family
908
Multi-Family
0
Businesses
38
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Listed by: Amanda Bowman • Ruhl&Ruhl REALTORS Davenport
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261593
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.