6940 W StephensonFreeportIL61032
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Freeport at 6940 W Stephenson, Freeport, IL, 61032 at $184,900 posts ROI 22.21% with $118/mo cash flow from $1,400/mo rent. Total monthly income equals $1,400/mo, and annual cash flow records $1,410/yr on $61,294 to close. Return on cash invested measures 22.21% and rental yield reads 9.09% at the current $184,900. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 by year five. Five-year ROI prints 116.21% and total cumulative return in cash totals $71,227.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,400/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1891
2.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61032, Freeport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,514 (100%) |
| Owner Occupied HU | 8,485 (58.5%) |
| Renter Occupied HU | 4,354 (30.0%) |
| Vacant Housing Units | 1,675 (11.5%) |
| Median Home Value | $117,056 |
| Average Home Value | $149,942 |
Housing Distribution
Address Breakdown
Residential
13,208
Single Family
12,024
Multi-Family
1,184
Businesses
1,072
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Listed by: MARGARET CHRISTENSEN • Christensen Home Town, Realtors
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404105
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.