624 16th AveSterlingIL61081
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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 Sterling at 624 16th Ave, Sterling, IL, 61081 earns $469/mo cash flow from $1,248/mo rent with a $522/mo payment. Total monthly income totals $1,248/mo, and annual cash flow totals $5,631/yr on $35,338 capital. ROI tracks 35.84% on current figures, and rental yield reads 14.05% at a $106,600 purchase. Equity gained on principal adds $688/yr, and 5% annual appreciation supports $29,452 over five years. Five-year ROI reaches 189.89% and total cumulative return in cash sums $67,104. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,248/mo property income instead of your personal income.
Single Family
Built in 1940
7,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61081, Sterling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,878 (100%) |
| Owner Occupied HU | 6,312 (63.9%) |
| Renter Occupied HU | 2,688 (27.2%) |
| Vacant Housing Units | 878 ( 8.9%) |
| Median Home Value | $134,141 |
| Average Home Value | $195,416 |
Housing Distribution
Address Breakdown
Residential
9,074
Single Family
8,249
Multi-Family
825
Businesses
692
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