7527 Mikes PlCherry ValleyIL61016
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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 Cherry Valley at 7527 Mikes Pl, Cherry Valley, IL, 61016 listed at $402,000 pairs $4,046/mo rent with a $1,968/mo payment to leave $1,257/mo cash flow. Total monthly income runs $4,046/mo, and annual cash flow reaches $15,087/yr on $133,263 cash to close. Return on cash invested measures 31.23% in year one, and rental yield registers 12.08% at a $402,000 basis. Equity gained on principal adds $2,594/yr, and annual property appreciation at 5% supports $111,065 by year five. Five-year ROI tracks 164.56% and total cumulative return in cash totals $219,296. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,046/mo property income relative to a $1,968/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61016, Cherry Valley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,145 (100%) |
| Owner Occupied HU | 1,786 (83.3%) |
| Renter Occupied HU | 265 (12.4%) |
| Vacant Housing Units | 94 ( 4.4%) |
| Median Home Value | $237,085 |
| Average Home Value | $251,141 |
Housing Distribution
Address Breakdown
Residential
2,132
Single Family
2,034
Multi-Family
98
Businesses
120
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Listed by: Scott Gesner • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502888
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.