624 Lanae WaySouth BeloitIL61080
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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 South Beloit at 624 Lanae Way, South Beloit, IL, 61080 priced at $220,000 pairs $1,648/mo rent with $122/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,648/mo, and annual cash flow comes to $1,462/yr on $72,930 invested. Return on cash invested is 21.91% in year one, and rental yield stands at 8.99% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 114.57% and total cumulative return in cash reaches $83,555. For financing, Ziffy Mortgage’s DSCR program evaluates $1,648/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61080, South Beloit, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,686 (100%) |
| Owner Occupied HU | 3,293 (70.3%) |
| Renter Occupied HU | 1,040 (22.2%) |
| Vacant Housing Units | 353 ( 7.5%) |
| Median Home Value | $195,268 |
| Average Home Value | $228,383 |
Housing Distribution
Address Breakdown
Residential
4,437
Single Family
4,253
Multi-Family
184
Businesses
307
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Listed by: Mark Endress • Key Realty, Inc.
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501655
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.