908 14th StRapids CityIL61278
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rapids City at 908 14th St, Rapids City, IL, 61278 offers a 9.7% rental yield on a $435,000 purchase with $3,515/mo rent. Total monthly income registers $3,515/mo, and a $2,129/mo payment leaves $498/mo available for distribution. Annual cash flow reaches $5,974/yr on $144,203 to close, and return on cash invested stands at 24.05% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 126.03% and total cumulative return in cash at $181,740. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,515/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61278, Rapids City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 83 (100%) |
| Owner Occupied HU | 69 (83.1%) |
| Renter Occupied HU | 6 ( 7.2%) |
| Vacant Housing Units | 8 ( 9.6%) |
| Median Home Value | $251,389 |
| Average Home Value | $254,891 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
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Listed by: Kendra Glazier • Ruhl&Ruhl REALTORS Davenport
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000035