1028 N State StLincolnIL62656
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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 Lincoln at 1028 N State St, Lincoln, IL, 62656 uses $79,560 cash to close to unlock $2,796/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $1,898/mo, and a $1,175/mo payment keeps the spread at $233/mo. Purchase price stands at $239,999, and rental yield measures 9.49% with $1,898/mo rent. Return on cash invested shows 23.42% in year one, and 5% annual appreciation builds toward $66,307 over five years. Five-year ROI reaches 122.64% and total cumulative return in cash records $97,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,898/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.26 Acres 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: Jami R Winchester • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037980
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.