930 42nd StNew BostonIL61272
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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 New Boston at 930 42nd St, New Boston, IL, 61272 offers a 11.71% rental yield on a $105,000 purchase with $1,025/mo rent. Total monthly income registers $1,025/mo, and a $514/mo payment leaves $297/mo available for distribution. Annual cash flow reaches $3,559/yr on $34,808 to close, and return on cash invested stands at 30.14% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 158.69% and total cumulative return in cash at $55,238. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,025/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61272, New Boston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 717 (100%) |
| Owner Occupied HU | 535 (74.6%) |
| Renter Occupied HU | 96 (13.4%) |
| Vacant Housing Units | 86 (12.0%) |
| Median Home Value | $139,195 |
| Average Home Value | $176,860 |
Housing Distribution
Address Breakdown
Residential
665
Single Family
665
Multi-Family
0
Businesses
21
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Listed by: Amanda Weeks • Ruhl&Ruhl REALTORS Moline
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000086