Hickory Ranch Plan, Richland TrailsCortlandIL60112
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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 Cortland at Hickory Ranch Plan, Richland Trails, Cortland, IL, 60112 with 5% annual appreciation on a $396,700 basis while $3,240/mo rent supports operations. Total monthly income totals $3,240/mo and a $1,942/mo payment preserves $488/mo for cash returns. Annual cash flow comes to $5,857/yr on $131,506 deployed, and return on cash invested reaches 24.36% in year one. Equity gained on principal adds $2,560/yr, and five-year appreciation sums $109,601 alongside rental yield of 9.8%. Five-year ROI measures 127.73% and total cumulative return in cash totals $167,976.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,240/mo property income versus a $1,942/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60112, Cortland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,721 (100%) |
| Owner Occupied HU | 1,303 (75.7%) |
| Renter Occupied HU | 363 (21.1%) |
| Vacant Housing Units | 55 ( 3.2%) |
| Median Home Value | $197,400 |
| Average Home Value | $220,353 |
Housing Distribution
Address Breakdown
Residential
1,668
Single Family
1,458
Multi-Family
210
Businesses
74
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