1 Hoaglin DrLincolnIL62656
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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 Lincoln at 1 Hoaglin Dr, Lincoln, IL, 62656 priced at $120,000 converts $956/mo rent into $124/mo cash flow after a $587/mo obligation. Total monthly income equals $956/mo, and annual cash flow totals $1,488/yr on $39,780 invested. Return on cash invested prints 23.65% in year one, and rental yield reads 9.56% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 123.85% and total cumulative return in cash sums $49,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $956/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1971
6,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62656, Lincoln, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,652 (100%) |
| Owner Occupied HU | 4,614 (60.3%) |
| Renter Occupied HU | 2,226 (29.1%) |
| Vacant Housing Units | 812 (10.6%) |
| Median Home Value | $133,344 |
| Average Home Value | $162,380 |
Housing Distribution
Address Breakdown
Residential
7,055
Single Family
6,707
Multi-Family
348
Businesses
632
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Listed by: Seth A Goodman • ME Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035933
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.