814 Washington StScales MoundIL61075
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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 Scales Mound at 814 Washington St, Scales Mound, IL, 61075 earns $698/mo cash flow from $1,964/mo rent with a $893/mo payment. Total monthly income totals $1,964/mo, and annual cash flow totals $8,381/yr on $60,499 capital. ROI tracks 33.76% on current figures, and rental yield reads 12.91% at a $182,500 purchase. Equity gained on principal adds $1,178/yr, and 5% annual appreciation supports $50,421 over five years. Five-year ROI reaches 178.17% and total cumulative return in cash sums $107,794. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,964/mo property income instead of your personal income.
Single Family
Built in 1925
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61075, Scales Mound, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 513 (100%) |
| Owner Occupied HU | 382 (74.5%) |
| Renter Occupied HU | 52 (10.1%) |
| Vacant Housing Units | 79 (15.4%) |
| Median Home Value | $303,636 |
| Average Home Value | $352,742 |
Housing Distribution
Address Breakdown
Residential
357
Single Family
357
Multi-Family
0
Businesses
29
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Listed by: Peter Brennan • Coldwell Banker Network Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202403238
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.