6760 N Summit DrByronIL61010
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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 Byron at 6760 N Summit Dr, Byron, IL, 61010 uses $81,218 cash to close to unlock $12,766/yr annual cash flow and $1,064/mo monthly cash flow. Total monthly income runs $2,801/mo, and a $1,199/mo payment keeps the spread at $1,064/mo. Purchase price stands at $245,000, and rental yield measures 13.72% with $2,801/mo rent. Return on cash invested shows 35.63% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 188.32% and total cumulative return in cash records $152,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,801/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1999
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61010, Byron, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,074 (100%) |
| Owner Occupied HU | 2,309 (75.1%) |
| Renter Occupied HU | 558 (18.2%) |
| Vacant Housing Units | 207 ( 6.7%) |
| Median Home Value | $235,309 |
| Average Home Value | $274,097 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,900
Multi-Family
0
Businesses
173
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Listed by: Jasper St. Angel • St. Angel Real Estate
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502591
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.