707 Cedar LnGenoaIL60135
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
Rental property for sale in Genoa at 707 Cedar Ln, Genoa, IL, 60135 offers $1,842/mo rent that, after a $1,273/mo payment, leaves $38/mo cash flow. Total monthly income is $1,842/mo, and annual cash flow is $458/yr on $86,190 cash. Return on cash invested measures 20.44% in year one, and rental yield stands at 8.5% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 106.71% and total cumulative return in cash reaches $91,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,842/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60135, Genoa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,846 (100%) |
| Owner Occupied HU | 2,162 (76.0%) |
| Renter Occupied HU | 589 (20.7%) |
| Vacant Housing Units | 95 ( 3.3%) |
| Median Home Value | $254,808 |
| Average Home Value | $285,332 |
Housing Distribution
Address Breakdown
Residential
2,807
Single Family
2,662
Multi-Family
145
Businesses
180
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