111 Ivy LnKnoxvilleIL61448
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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 Knoxville at 111 Ivy Ln, Knoxville, IL, 61448 priced at $307,500 converts $780/mo rent into after a $1,505/mo obligation. Total monthly income equals $780/mo. Return on cash invested prints 3.98% in year one, and rental yield reads 3.04% against a $307,500 entry. Equity gained on principal adds $1,984/yr, while 5% annual appreciation compiles into $84,957 by year five. Five-year ROI reaches 18.46% and total cumulative return in cash sums $18,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $780/mo property income covering a $1,505/mo payment, not borrower’s personal income.
Single Family
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61448, Knoxville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,702 (100%) |
| Owner Occupied HU | 1,292 (75.9%) |
| Renter Occupied HU | 274 (16.1%) |
| Vacant Housing Units | 136 ( 8.0%) |
| Median Home Value | $156,782 |
| Average Home Value | $243,349 |
Housing Distribution
Address Breakdown
Residential
1,568
Single Family
1,561
Multi-Family
7
Businesses
93
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