804 3rd StColonaIL61241
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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 Colona at 804 3rd St, Colona, IL, 61241 uses $48,068 cash to close to unlock $2,663/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,228/mo, and a $710/mo payment keeps the spread at $222/mo. Purchase price stands at $145,000, and rental yield measures 10.16% with $1,228/mo rent. Return on cash invested shows 25.45% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 133.53% and total cumulative return in cash records $64,184. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,228/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1938
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61241, Colona, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,961 (100%) |
| Owner Occupied HU | 2,412 (81.5%) |
| Renter Occupied HU | 372 (12.6%) |
| Vacant Housing Units | 177 ( 6.0%) |
| Median Home Value | $170,370 |
| Average Home Value | $193,296 |
Housing Distribution
Address Breakdown
Residential
2,836
Single Family
2,836
Multi-Family
0
Businesses
118
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