757 S Columbus AveMortonIL61550
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 Morton at 757 S Columbus Ave, Morton, IL, 61550 offers $2,401/mo rent that, after a $1,194/mo payment, leaves $709/mo cash flow. Total monthly income is $2,401/mo, and annual cash flow is $8,506/yr on $80,886 cash. Return on cash invested measures 30.42% in year one, and rental yield stands at 11.81% at a $244,000 entry. Equity gained on principal adds $1,574/yr while 5% annual appreciation compounds into $67,413 by year five. Five-year ROI records 160.21% and total cumulative return in cash reaches $129,586. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,401/mo property income versus a $1,194/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61550, Morton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,208 (100%) |
| Owner Occupied HU | 6,070 (74.0%) |
| Renter Occupied HU | 1,646 (20.1%) |
| Vacant Housing Units | 492 ( 6.0%) |
| Median Home Value | $256,664 |
| Average Home Value | $269,464 |
Housing Distribution
Address Breakdown
Residential
8,202
Single Family
7,148
Multi-Family
1,054
Businesses
735
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tricia Yordy • Keller Williams Revolution.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1256526
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.