774 Waters Edge BlvdMaltaIL60150
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 Malta at 774 Waters Edge Blvd, Malta, IL, 60150 offers $2,362/mo rent that, after a $1,605/mo payment, leaves $87/mo cash flow. Total monthly income is $2,362/mo, and annual cash flow is $1,048/yr on $108,732 cash. Return on cash invested measures 20.87% in year one, and rental yield stands at 8.64% at a $328,000 entry. Equity gained on principal adds $2,117/yr while 5% annual appreciation compounds into $90,620 by year five. Five-year ROI records 109.01% and total cumulative return in cash reaches $118,531. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,362/mo property income versus a $1,605/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60150, Malta, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 715 (100%) |
| Owner Occupied HU | 478 (66.9%) |
| Renter Occupied HU | 161 (22.5%) |
| Vacant Housing Units | 76 (10.6%) |
| Median Home Value | $224,194 |
| Average Home Value | $265,361 |
Housing Distribution
Address Breakdown
Residential
444
Single Family
444
Multi-Family
0
Businesses
28
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