906 Coventry Ln #BSterlingIL61081
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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 Sterling at 906 Coventry Ln #B, Sterling, IL, 61081 offers a 11.76% rental yield on a $145,000 purchase with $1,421/mo rent. Total monthly income registers $1,421/mo, and a $710/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,363/yr on $48,068 to close, and return on cash invested stands at 24.83% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 132.16% and total cumulative return in cash at $63,524. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,421/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
N/A lot
$N/A/sqft
$218 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61081, Sterling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,878 (100%) |
| Owner Occupied HU | 6,312 (63.9%) |
| Renter Occupied HU | 2,688 (27.2%) |
| Vacant Housing Units | 878 ( 8.9%) |
| Median Home Value | $134,141 |
| Average Home Value | $195,416 |
Housing Distribution
Address Breakdown
Residential
9,074
Single Family
8,249
Multi-Family
825
Businesses
692
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