816 2nd AveMorrisIL60450
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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 Morris at 816 2nd Ave, Morris, IL, 60450 listed at $229,500 pairs $2,108/mo rent with a $1,123/mo payment to leave $516/mo cash flow. Total monthly income runs $2,108/mo, and annual cash flow reaches $6,197/yr on $76,079 cash to close. Return on cash invested measures 28.05% in year one, and rental yield registers 11.02% at a $229,500 basis. Equity gained on principal adds $1,481/yr, and annual property appreciation at 5% supports $63,407 by year five. Five-year ROI tracks 147.53% and total cumulative return in cash totals $112,242. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,108/mo property income relative to a $1,123/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60450, Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,423 (100%) |
| Owner Occupied HU | 6,109 (64.8%) |
| Renter Occupied HU | 2,787 (29.6%) |
| Vacant Housing Units | 527 ( 5.6%) |
| Median Home Value | $303,781 |
| Average Home Value | $338,448 |
Housing Distribution
Address Breakdown
Residential
8,789
Single Family
7,660
Multi-Family
1,129
Businesses
890
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