615 Biscayne PlRoscoeIL61073
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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 Roscoe at 615 Biscayne Pl, Roscoe, IL, 61073 offers a 8.92% rental yield on a $389,000 purchase with $2,892/mo rent. Total monthly income registers $2,892/mo, and a $1,904/mo payment leaves $192/mo available for distribution. Annual cash flow reaches $2,306/yr on $128,954 to close, and return on cash invested stands at 21.7% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 113.44% and total cumulative return in cash at $146,286. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,892/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61073, Roscoe, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,120 (100%) |
| Owner Occupied HU | 6,539 (80.5%) |
| Renter Occupied HU | 1,250 (15.4%) |
| Vacant Housing Units | 331 ( 4.1%) |
| Median Home Value | $241,380 |
| Average Home Value | $277,513 |
Housing Distribution
Address Breakdown
Residential
7,741
Single Family
7,646
Multi-Family
95
Businesses
477
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Listed by: Carmelina Korasick • Heartland Realty Llc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502112
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.