711 8th StColonaIL61241
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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 Colona at 711 8th St, Colona, IL, 61241 listed at $114,999 pairs $895/mo rent with a $563/mo payment to leave $97/mo cash flow. Total monthly income runs $895/mo, and annual cash flow reaches $1,167/yr on $38,122 cash to close. Return on cash invested measures 22.97% in year one, and rental yield registers 9.34% at a $114,999 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 120.33% and total cumulative return in cash totals $45,873. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $895/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61241, Colona, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,961 (100%) |
| Owner Occupied HU | 2,412 (81.5%) |
| Renter Occupied HU | 372 (12.6%) |
| Vacant Housing Units | 177 ( 6.0%) |
| Median Home Value | $170,370 |
| Average Home Value | $193,296 |
Housing Distribution
Address Breakdown
Residential
2,836
Single Family
2,836
Multi-Family
0
Businesses
118
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Listed by: Tiffany Massey-Wessels • NextHome QC Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4266983
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