725 Oak StAndoverIL61233
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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
Rental property for sale in Andover at 725 Oak St, Andover, IL, 61233 priced at $245,000 converts $2,124/mo rent into $425/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,124/mo, and annual cash flow totals $5,097/yr on $81,218 invested. Return on cash invested prints 26.19% in year one, and rental yield reads 10.4% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 137.47% and total cumulative return in cash sums $111,648. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,124/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1977
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61233, Andover, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 206 (100%) |
| Owner Occupied HU | 174 (84.5%) |
| Renter Occupied HU | 21 (10.2%) |
| Vacant Housing Units | 11 ( 5.3%) |
| Median Home Value | $180,556 |
| Average Home Value | $183,649 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
8
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Listed by: Diane Godwin-Luckey • RE/MAX Concepts Moline
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261154
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