803 S College AveAledoIL61231
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 Aledo at 803 S College Ave, Aledo, IL, 61231 offers $1,591/mo rent that, after a $548/mo payment, leaves $814/mo cash flow. Total monthly income is $1,591/mo, and annual cash flow is $9,772/yr on $37,128 cash. Return on cash invested measures 46.23% in year one, and rental yield stands at 17.05% at a $112,000 entry. Equity gained on principal adds $723/yr while 5% annual appreciation compounds into $30,944 by year five. Five-year ROI records 245.06% and total cumulative return in cash reaches $90,987. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,591/mo property income versus a $548/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61231, Aledo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,508 (100%) |
| Owner Occupied HU | 1,665 (66.4%) |
| Renter Occupied HU | 585 (23.3%) |
| Vacant Housing Units | 258 (10.3%) |
| Median Home Value | $155,101 |
| Average Home Value | $175,066 |
Housing Distribution
Address Breakdown
Residential
2,314
Single Family
2,155
Multi-Family
159
Businesses
240
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Listed by: Jen Miller • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4255451
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.