934 E Grant HwyMarengoIL60152
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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
Rental property for sale in Marengo at 934 E Grant Hwy, Marengo, IL, 60152 priced at $207,000 converts $3,144/mo rent into $1,708/mo cash flow after a $1,013/mo obligation. Total monthly income equals $3,144/mo, and annual cash flow totals $20,500/yr on $68,621 invested. Return on cash invested prints 49.78% in year one, and rental yield reads 18.23% against a $207,000 entry. Equity gained on principal adds $1,336/yr, while 5% annual appreciation compiles into $57,190 by year five. Five-year ROI reaches 264.08% and total cumulative return in cash sums $181,210. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,144/mo property income covering a $1,013/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60152, Marengo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,144 (100%) |
| Owner Occupied HU | 3,846 (74.8%) |
| Renter Occupied HU | 1,057 (20.5%) |
| Vacant Housing Units | 241 ( 4.7%) |
| Median Home Value | $328,944 |
| Average Home Value | $356,481 |
Housing Distribution
Address Breakdown
Residential
4,876
Single Family
4,690
Multi-Family
186
Businesses
326
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