706 Illinois 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 706 Illinois Ave, Ottawa, IL, 61350 earns $322/mo cash flow from $2,160/mo rent with a $1,297/mo payment. Total monthly income totals $2,160/mo, and annual cash flow totals $3,866/yr on $87,814 capital. ROI tracks 24.31% on current figures, and rental yield reads 9.78% at a $264,900 purchase. Equity gained on principal adds $1,709/yr, and 5% annual appreciation supports $73,187 over five years. Five-year ROI reaches 127.49% and total cumulative return in cash sums $111,956. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,160/mo property income instead of your personal income.
Multi Family
Built in N/A
4,356 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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