7820 Kelly CtErieIL61250
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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 Erie at 7820 Kelly Ct, Erie, IL, 61250 uses $54,698 cash to close to unlock $3,205/yr annual cash flow and $267/mo monthly cash flow. Total monthly income runs $1,412/mo, and a $808/mo payment keeps the spread at $267/mo. Purchase price stands at $165,000, and rental yield measures 10.27% with $1,412/mo rent. Return on cash invested shows 25.77% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 135.34% and total cumulative return in cash records $74,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,412/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61250, Erie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,101 (100%) |
| Owner Occupied HU | 848 (77.0%) |
| Renter Occupied HU | 175 (15.9%) |
| Vacant Housing Units | 78 ( 7.1%) |
| Median Home Value | $170,152 |
| Average Home Value | $206,657 |
Housing Distribution
Address Breakdown
Residential
841
Single Family
841
Multi-Family
0
Businesses
71
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