623 BroadwayVeniceIL62090
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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 Venice at 623 Broadway, Venice, IL, 62090 priced at $105,000 pairs $816/mo rent with $88/mo cash flow after a $514/mo payment. Total monthly income equals $816/mo, and annual cash flow comes to $1,051/yr on $34,808 invested. Return on cash invested is 22.93% in year one, and rental yield stands at 9.33% on a $105,000 basis. Equity gained on principal adds $678/yr, and 5% annual appreciation accumulates to $29,010 by year five. Five-year ROI measures 120.08% and total cumulative return in cash reaches $41,798. For financing, Ziffy Mortgage’s DSCR program evaluates $816/mo property income against a $514/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62090, Venice, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 497 (100%) |
| Owner Occupied HU | 202 (40.6%) |
| Renter Occupied HU | 233 (46.9%) |
| Vacant Housing Units | 62 (12.5%) |
| Median Home Value | $53,571 |
| Average Home Value | $118,985 |
Housing Distribution
Address Breakdown
Residential
408
Single Family
408
Multi-Family
0
Businesses
33
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