615 Park DrMarengoIL60152
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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 Marengo at 615 Park Dr, Marengo, IL, 60152 uses $119,307 cash to close to unlock $3,674/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $2,803/mo, and a $1,762/mo payment keeps the spread at $306/mo. Purchase price stands at $359,900, and rental yield measures 9.35% with $2,803/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 120.38% and total cumulative return in cash records $143,618. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,803/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1976
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60152, Marengo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,144 (100%) |
| Owner Occupied HU | 3,846 (74.8%) |
| Renter Occupied HU | 1,057 (20.5%) |
| Vacant Housing Units | 241 ( 4.7%) |
| Median Home Value | $328,944 |
| Average Home Value | $356,481 |
Housing Distribution
Address Breakdown
Residential
4,876
Single Family
4,690
Multi-Family
186
Businesses
326
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