742 Chestnut LnMarengoIL60152
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
Rental property for sale in Marengo at 742 Chestnut Ln, Marengo, IL, 60152 priced at $349,900 pairs $1,800/mo rent with after a $1,713/mo payment. Total monthly income equals $1,800/mo. Return on cash invested is 13.42% in year one, and rental yield stands at 6.17% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 69.03% and total cumulative return in cash reaches $80,070. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60152, Marengo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,144 (100%) |
| Owner Occupied HU | 3,846 (74.8%) |
| Renter Occupied HU | 1,057 (20.5%) |
| Vacant Housing Units | 241 ( 4.7%) |
| Median Home Value | $328,944 |
| Average Home Value | $356,481 |
Housing Distribution
Address Breakdown
Residential
4,876
Single Family
4,690
Multi-Family
186
Businesses
326
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices