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Price: $300K - 500K
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Home Type: Single Family
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$429,900  
4 bds • 4 ba • - sqft
192 S Joslyn St, Cortland, IL, 60112
9.0%
Gross Yield
21.9%
ROI
$3,240 /m
Est. Rent
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NMLS #2625701
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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
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Investment Highlights

Investment property for sale in Cortland at 192 S Joslyn St, Cortland, IL, 60112 at $429,900 posts ROI 22.08% with $258/mo cash flow from $3,240/mo rent. Total monthly income equals $3,240/mo, and annual cash flow records $3,099/yr on $142,512 to close. Return on cash invested measures 22.08% and rental yield reads 9.04% at the current $429,900. Equity gained on principal adds $2,774/yr, and 5% annual appreciation supports $118,773 by year five. Five-year ROI prints 115.5% and total cumulative return in cash totals $164,599.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,240/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Multi Family

Built in 1992

8,834 sqft lot

$N/A/sqft

No HOA

More details about the property

Fantastic investment opportunity in Cortland! This well-maintained duplex offers two spacious units, each featuring 2 bedrooms and 1.5 baths. One side is currently leased month-to-month, providing immediate rental income, while the other unit is vacant and ready for occupancy or new tenants-perfect for owner-occupants or investors alike. Each unit includes a comfortable living area, eat-in kitchen, in-unit laundry, and private entrances. Ample parking and a nice yard add to the appeal. Convenient location close to parks, schools, and just minutes from DeKalb and NIU. Don't miss this solid income-producing property with great potential for long-term returns! As-Is - 190 S Joslyn is occupied and will only be shown with interest in writing an offer. 48 hour notice would be required for 190 S Joslyn.

Neighborhood Data

Neighborhood data shown for ZIP Code: 60112, Cortland, IL area.

Housing Distribution

Housing Statistics

CategoryValue
Total HU (Housing Units)1,721 (100%)
Owner Occupied HU1,303 (75.7%)
Renter Occupied HU363 (21.1%)
Vacant Housing Units55 ( 3.2%)
Median Home Value$197,400
Average Home Value$220,353

Address Breakdown

Residential

1,668

Single Family

1,458

Multi-Family

210

Businesses

74

Price History

Date

Event

Price

No price history data available

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

No tax history data available
MLO
MLO
MLO
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved

Facts & Features

General Information

  • Type: MultiFamily
  • Year Built: 1992
  • Architectural Style: N/A
  • Building Area: N/A
  • Living Area: N/A
  • Property Condition: N/A

Features & Amenities

  • Heating: N/A
  • Cooling: N/A
  • Flooring: N/A
  • Interior Features: N/A
  • Exterior Features: N/A
  • Parking Features: Garage Door Opener, Garage Owned, Attached, Garage

Location

  • City: N/A
  • Subdivision: N/A
  • Lot Size: 8,834 sqft
  • Lot Features: N/A
  • View: N/A

HOA & Fees

  • HOA Fee: N/A
  • Association Fee: N/A
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: N/A
  • Sewer: N/A
  • Water Source: N/A
  • Road Surface Type: N/A

School Information

  • Elementary School: N/A
  • Middle School: N/A
  • High School: N/A

Listed by: Melissa Gibson • HomeSmart Realty Group 

Mls Name: MRED as distributed by MLS GRID

Mls ID: #12510016

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