705 2nd AveOttawaIL61350
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 Ottawa at 705 2nd Ave, Ottawa, IL, 61350 listed at $135,000 pairs $1,058/mo rent with a $661/mo payment to leave $121/mo cash flow. Total monthly income runs $1,058/mo, and annual cash flow reaches $1,456/yr on $44,753 cash to close. Return on cash invested measures 23.16% in year one, and rental yield registers 9.4% at a $135,000 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,298 by year five. Five-year ROI tracks 121.34% and total cumulative return in cash totals $54,301. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,058/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
7,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices