801 3rd St SCordovaIL61242
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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 Cordova at 801 3rd St S, Cordova, IL, 61242 offers a 11.14% rental yield on a $199,900 purchase with $1,856/mo rent. Total monthly income registers $1,856/mo, and a $978/mo payment leaves $470/mo available for distribution. Annual cash flow reaches $5,638/yr on $66,267 to close, and return on cash invested stands at 28.42% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 149.45% and total cumulative return in cash at $99,037. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,856/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61242, Cordova, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 396 (73.3%) |
| Renter Occupied HU | 81 (15.0%) |
| Vacant Housing Units | 63 (11.7%) |
| Median Home Value | $253,846 |
| Average Home Value | $291,098 |
Housing Distribution
Address Breakdown
Residential
402
Single Family
402
Multi-Family
0
Businesses
23
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Listed by: Olivia Hamann • NextHome QC Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4259612
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.