1024 Lake Summerset RdDavisIL61019
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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 Davis at 1024 Lake Summerset Rd, Davis, IL, 61019 priced at $297,500 converts $2,664/mo rent into $442/mo cash flow after a $1,456/mo obligation. Total monthly income equals $2,664/mo, and annual cash flow totals $5,310/yr on $98,621 invested. Return on cash invested prints 25.29% in year one, and rental yield reads 10.75% against a $297,500 entry. Equity gained on principal adds $1,920/yr, while 5% annual appreciation compiles into $82,194 by year five. Five-year ROI reaches 133.41% and total cumulative return in cash sums $131,575. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,664/mo property income covering a $1,456/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.34 Acres lot
$N/A/sqft
$1,109 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61019, Davis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,933 (100%) |
| Owner Occupied HU | 1,355 (70.1%) |
| Renter Occupied HU | 144 ( 7.4%) |
| Vacant Housing Units | 434 (22.5%) |
| Median Home Value | $239,952 |
| Average Home Value | $262,063 |
Housing Distribution
Address Breakdown
Residential
1,625
Single Family
1,625
Multi-Family
0
Businesses
34
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Listed by: Teresa Skridla • Century 21 Affiliated
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501982
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.