7231 Barngate DrSouth BeloitIL61080
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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 South Beloit at 7231 Barngate Dr, South Beloit, IL, 61080 uses $162,435 cash to close to unlock $8,455/yr annual cash flow and $705/mo monthly cash flow. Total monthly income runs $4,103/mo, and a $2,398/mo payment keeps the spread at $705/mo. Purchase price stands at $490,000, and rental yield measures 10.05% with $4,103/mo rent. Return on cash invested shows 25.11% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 131.74% and total cumulative return in cash records $213,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,103/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1995
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61080, South Beloit, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,686 (100%) |
| Owner Occupied HU | 3,293 (70.3%) |
| Renter Occupied HU | 1,040 (22.2%) |
| Vacant Housing Units | 353 ( 7.5%) |
| Median Home Value | $195,268 |
| Average Home Value | $228,383 |
Housing Distribution
Address Breakdown
Residential
4,437
Single Family
4,253
Multi-Family
184
Businesses
307
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Listed by: Mikayla Drinkwine • Real Broker, Llc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202506531