604 W Washington StMorrisIL60450
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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 Morris at 604 W Washington St, Morris, IL, 60450 earns from $2,160/mo rent with a $1,884/mo payment. Total monthly income totals $2,160/mo. ROI tracks 15.11% on current figures, and rental yield reads 6.73% at a $385,000 purchase. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 over five years. Five-year ROI reaches 78.1% and total cumulative return in cash sums $99,682. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,160/mo property income instead of your personal income.
Single Family
Built in 1910
8,359 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60450, Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,423 (100%) |
| Owner Occupied HU | 6,109 (64.8%) |
| Renter Occupied HU | 2,787 (29.6%) |
| Vacant Housing Units | 527 ( 5.6%) |
| Median Home Value | $303,781 |
| Average Home Value | $338,448 |
Housing Distribution
Address Breakdown
Residential
8,789
Single Family
7,660
Multi-Family
1,129
Businesses
890
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