710 E 16th StSterlingIL61081
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 Sterling at 710 E 16th St, Sterling, IL, 61081 uses $59,670 cash to close to unlock $2,586/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $1,464/mo, and a $881/mo payment keeps the spread at $216/mo. Purchase price stands at $180,000, and rental yield measures 9.76% with $1,464/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 127.09% and total cumulative return in cash records $75,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,464/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1948
7,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61081, Sterling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,878 (100%) |
| Owner Occupied HU | 6,312 (63.9%) |
| Renter Occupied HU | 2,688 (27.2%) |
| Vacant Housing Units | 878 ( 8.9%) |
| Median Home Value | $134,141 |
| Average Home Value | $195,416 |
Housing Distribution
Address Breakdown
Residential
9,074
Single Family
8,249
Multi-Family
825
Businesses
692
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices