603 W Main StWarrenIL61087
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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
Rental property for sale in Warren at 603 W Main St, Warren, IL, 61087 priced at $210,000 converts $2,370/mo rent into $913/mo cash flow after a $1,028/mo obligation. Total monthly income equals $2,370/mo, and annual cash flow totals $10,959/yr on $69,615 invested. Return on cash invested prints 35.65% in year one, and rental yield reads 13.54% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 188.31% and total cumulative return in cash sums $131,092. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,370/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61087, Warren, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 550 (69.9%) |
| Renter Occupied HU | 151 (19.2%) |
| Vacant Housing Units | 86 (10.9%) |
| Median Home Value | $99,811 |
| Average Home Value | $138,623 |
Housing Distribution
Address Breakdown
Residential
550
Single Family
535
Multi-Family
15
Businesses
69
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Listed by: JULIE WENZEL • Re/Max Town Lake & Country
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404008
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