708 Congress StOttawaIL61350
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 708 Congress St, Ottawa, IL, 61350 at $114,000 posts ROI 51.45% with $993/mo cash flow from $1,873/mo rent. Total monthly income equals $1,873/mo, and annual cash flow records $11,921/yr on $37,791 to close. Return on cash invested measures 51.45% and rental yield reads 19.72% at the current $114,000. Equity gained on principal adds $736/yr, and 5% annual appreciation supports $31,496 by year five. Five-year ROI prints 274.08% and total cumulative return in cash totals $103,579.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,873/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1921
7,405 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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Nearby investment properties with comparable prices
Listed by: Jenna Covey • Lori Bonarek Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12213388
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)