8-8A116 Independence DrApple RiverIL61001
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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 Apple River at 8-8A116 Independence Dr, Apple River, IL, 61001 earns $31/mo cash flow from $1,496/mo rent with a $954/mo payment. Total monthly income totals $1,496/mo, and annual cash flow totals $369/yr on $64,609 capital. ROI tracks 20.48% on current figures, and rental yield reads 9.21% at a $194,900 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,847 over five years. Five-year ROI reaches 107.67% and total cumulative return in cash sums $69,567. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,496/mo property income instead of your personal income.
Single Family
Built in 1976
0.35 Acres lot
$N/A/sqft
$1,360 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61001, Apple River, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,227 (100%) |
| Owner Occupied HU | 460 (37.5%) |
| Renter Occupied HU | 69 ( 5.6%) |
| Vacant Housing Units | 698 (56.9%) |
| Median Home Value | $248,148 |
| Average Home Value | $272,304 |
Housing Distribution
Address Breakdown
Residential
704
Single Family
696
Multi-Family
8
Businesses
23
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Listed by: KERI KLUCK • Lori Droessler Real Estate, Inc.
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502015
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.