5885 Longest DR Dr · South Beloit, IL 61080

$260,000

4 bd · 2.0 ba · 1,754 sqft · SingleFamily · 1 Days on market

Built 1996 0.27 ac lot Est $314k · 17% under ↓ 52% since listing

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +10.0/30.0
• Schools +4.4/10.0
• Livability +3.7/5.0
• 1% rule +3.5/10.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 5885 Longest Drive in South Beloit! Located in the highly sought-after Hononegah High School District and served by Prairie Hill Grade and Middle Schools, this well-maintained home offers 4 bedrooms, 2 full bathrooms, multiple living spaces, and a spectacular three-season room overlooking the fenced backyard and open field views beyond. The main level features a comfortable family room, formal dining room, and an inviting kitchen with granite countertops, additional cabinetry, and painted cabinetry completed in 2023. Natural light fills the home, creating a warm and welcoming atmosphere throughout. . The upper level includes three bedrooms and a full bathroom. The lower level e

Key facts

• Three season room
• Outdoor garden shed
• Added cabinetry

Tags

• THREE SEASON ROOM
• FULLY FENCED YARD
• OUTDOOR GARDEN SHED
• MULTIPLE LIVING SPACES
• GRANITE COUNTERTOPS
• ADDED CABINETRY

Property features AI

Exterior

• Parking: Attached asphalt 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence (house); Residential property
• Exterior features: Shingle roof

Interior

• Kitchen: Gas cooktop; Dishwasher; Garbage disposal; Microwave
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Gas fireplace (1) with gas fuel; Finished full basement
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $-157 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $232k (10.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (15.4% below list).
• Recommended offer: $220k (15.4% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 4.0% in South Beloit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#260 in IL, #4,831 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities D-, commute F.
• Hononegah Chd 207 (suburban): math 46% / reading 53% proficiency, ranked #55 of 620 in IL (top 9%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hononegah Chd High School (math 46% / reading 53%, grade D, #44 of 693 statewide, top 7%, 1,891 students, 0% FRL).
• Market conditions: 32 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 285 units permitted in Winnebago County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Winnebago County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $155k; list at $260k implies a 68% gain — meaningful room to come down on a strong offer.

Recommended offer $220,000 (15.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 5.57%
• Cash-on-cash: -2.60%
• DSCR: 0.88
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $313,966
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15237 Yellowstone Dr	0.46mi	3/2.0 (-1)	1,789 (+2%)	1mo	$318,900	$178	69
5900 Longest Dr	0.04mi	3/2.0 (-1)	1,508 (-14%)	1mo	$209,900	$139	69
15212 Yellowstone Dr	0.50mi	3/2.0 (-1)	1,784 (+2%)	1mo	$318,900	$179	68
15311 Yellowstone Dr	0.47mi	3/2.0 (-1)	1,784 (+2%)	3mo	$318,900	$179	68
15200 Yellowstone Dr	0.49mi	3/2.0 (-1)	1,789 (+2%)	1mo	$316,900	$177	67
15120 Yellowstone Dr	0.50mi	3/2.0 (-1)	1,784 (+2%)	2mo	$318,900	$179	67
15327 Yellowstone Dr	0.48mi	3/2.0 (-1)	1,789 (+2%)	3mo	$321,900	$180	67
15144 Yellowstone Dr	0.50mi	3/2.0 (-1)	1,789 (+2%)	2mo	$316,900	$177	66
15136 Yellowstone Dr	0.50mi	3/2.0 (-1)	1,789 (+2%)	3mo	$321,900	$180	66
15319 Yellowstone Dr	0.47mi	3/2.0 (-1)	1,902 (+8%)	1mo	$334,900	$176	58
15301 Yellowstone Dr	0.47mi	3/2.0 (-1)	1,902 (+8%)	3mo	$334,900	$176	57
15044 Yellowstone Dr	0.53mi	3/2.0 (-1)	1,564 (-11%)	1mo	$306,000	$196	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.6%
• Equity multiple: 0.28×
• Total profit: $-52,068
• Equity at exit: $38,767

10-year hold

• IRR: -13.7%
• Equity multiple: 0.21×
• Total profit: $-57,874
• Equity at exit: $22,480

Cash invested: $72,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 61080

• Home prices YoY: -8.9%
• Active inventory: 32
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,200 medium
• Mortgage (P&I): −$1,363
• Tax from tax record: −$424 /mo · $5,084/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $-157

Break-even live

Break-even rent $2,399

Max offer price $232,179

Occupancy floor —

Sensitivity live

Price	-10% $-10	-5% $-84	+0% $-157	+5% $-231	+10% $-305
Rent	-10% $-331	-5% $-244	+0% $-157	+5% $-71	+10% $16
Rate	-1.0pp $-27	-0.5pp $-91	base $-157	+0.5pp $-225	+1.0pp $-293

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15581 Finley Way South Beloit, IL	3.0	2.0	1450	$2,200	$1.52	14d	1	0.40mi

Listing history 2 events

1. 2026-06-18
   remarks 699-char remark
2. 2026-06-18
   listed $260,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $5,084 · $424/mo
• Projected year-2 tax: $5,493 · $458/mo
• Expected delta: +$409/yr (+$34/mo · 8.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,400
• − Mortgage interest: −$14,564
• − Property taxes: −$5,084
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,112
• − Management: −$2,112
• − Depreciation: −$7,564
• Taxable loss: −$6,336
• Est. tax savings @ 24.0%: +$1,521
• After-tax cash flow: $-369/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hononegah Chd 207
• NCES district ID: 1719620
• Math proficiency: 46% ▼ -4.00%
• Reading proficiency: 53% ▼ -2.00%
• Median HH income: $70,776
• Composite: 44.33/100
• National rank: #2824
• State rank: #55 of 620 in IL

Livability — South Beloit

• Score: 74/100
• State rank: #260
• US rank: #4831

Category grades

Amenities D- Commute F Cost of living A+ Crime A Employment C+ Housing A+ Health & safety A- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Beloit, IL
• Population (ZIP): 11,062

Population outlook (Winnebago County) Hauer SSP2

• Today (2025): 271,080 people
• By 2030: 260,684 · -3.8%
• By 2040: 238,405 · -12.1%
• By 2050: 216,129 · -20.3%
• By 2075: 172,882 · -36.2%
• By 2100: 135,336 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 12% Two or more races 8% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Portuguese 4% Lithuanian 3% Slovak 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 88% English-only · Spanish 10% Chinese 1% Other Asian/Pacific 1%

Political lean MEDSL · Winnebago

• 2024 margin: Toss-up / Even · D 49.5% · R 49.0% · Other 1.5%
• 2008→2024 swing: -12.2pp toward R · 2008: 12.8pp · 2024: 0.6pp
• All cycles: 2024: D+0.6 2020: D+2.5 2016: R+1.2 2012: D+5.7 2008: D+12.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.89%
• Current HPI: 304.4624
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

-51.8% since first listed

5 events — show timeline

• 2026-06-18 Listed $260,000 NWIAR
• 2007-05-25 Sold (Public Records) $155,000 Public Records
• 1998-06-19 Sold (Public Records) $101,500 Public Records
• 1996-11-14 Sold (Public Records) $72,500 Public Records
• 1996-06-26 Sold (Public Records) $539,500 Public Records

Property tax history

+2.1%/yr

Latest (2025): $5,084 · -0.3% YoY. Source: county tax records.