105 N Union StNewarkIL60541
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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 Newark at 105 N Union St, Newark, IL, 60541 uses $84,234 cash to close to unlock $13,411/yr annual cash flow and $1,118/mo monthly cash flow. Total monthly income runs $2,885/mo, and a $1,244/mo payment keeps the spread at $1,118/mo. Purchase price stands at $254,100, and rental yield measures 13.62% with $2,885/mo rent. Return on cash invested shows 35.83% in year one, and 5% annual appreciation builds toward $70,203 over five years. Five-year ROI reaches 189.25% and total cumulative return in cash records $159,409. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,885/mo property income covering a $1,244/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60541, Newark, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,189 (100%) |
| Owner Occupied HU | 942 (79.2%) |
| Renter Occupied HU | 203 (17.1%) |
| Vacant Housing Units | 44 ( 3.7%) |
| Median Home Value | $363,889 |
| Average Home Value | $388,830 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
945
Multi-Family
32
Businesses
91
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