628 3rd AveOttawaIL61350
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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 Ottawa at 628 3rd Ave, Ottawa, IL, 61350 uses $59,339 cash to close to unlock $6,906/yr annual cash flow and $576/mo monthly cash flow. Total monthly income runs $1,817/mo, and a $876/mo payment keeps the spread at $576/mo. Purchase price stands at $179,000, and rental yield measures 12.18% with $1,817/mo rent. Return on cash invested shows 31.55% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 166.28% and total cumulative return in cash records $98,667. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,817/mo property income covering a $876/mo payment rather than investor’s personal income.
Multi Family
Built in 1998
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61350, Ottawa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,425 (100%) |
| Owner Occupied HU | 7,230 (63.3%) |
| Renter Occupied HU | 3,166 (27.7%) |
| Vacant Housing Units | 1,029 ( 9.0%) |
| Median Home Value | $173,815 |
| Average Home Value | $219,878 |
Housing Distribution
Address Breakdown
Residential
10,874
Single Family
10,179
Multi-Family
695
Businesses
1,058
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