1040 E State Route 96LomaxIL61454
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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 Lomax at 1040 E State Route 96, Lomax, IL, 61454 offers a 6.22% rental yield on a $195,000 purchase with $1,010/mo rent. 56% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 69.76% and total cumulative return in cash at $45,094. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,010/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 2006
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61454, Lomax, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 378 (100%) |
| Owner Occupied HU | 259 (68.5%) |
| Renter Occupied HU | 78 (20.6%) |
| Vacant Housing Units | 41 (10.8%) |
| Median Home Value | $102,616 |
| Average Home Value | $129,363 |
Housing Distribution
Address Breakdown
Residential
155
Single Family
155
Multi-Family
0
Businesses
12
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