903 5th 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 903 5th St, Colona, IL, 61241 uses $54,366 cash to close to unlock $8,425/yr annual cash flow and $702/mo monthly cash flow. Total monthly income runs $1,882/mo, and a $803/mo payment keeps the spread at $702/mo. Purchase price stands at $164,000, and rental yield measures 13.77% with $1,882/mo rent. Return on cash invested shows 35.41% in year one, and 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 187.37% and total cumulative return in cash records $101,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,882/mo property income covering a $803/mo payment rather than investor’s personal income.
Single Family
Built in 1974
7,405 sqft 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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Listed by: Richard Bassford • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4264993
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.