115 N Westlawn StLovingtonIL61937
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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 Lovington at 115 N Westlawn St, Lovington, IL, 61937 listed at $175,000 pairs $2,249/mo rent with a $857/mo payment to leave $1,035/mo cash flow. Total monthly income runs $2,249/mo, and annual cash flow reaches $12,416/yr on $58,013 cash to close. Return on cash invested measures 41.31% in year one, and rental yield registers 15.42% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 218.63% and total cumulative return in cash totals $126,835. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,249/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61937, Lovington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 851 (100%) |
| Owner Occupied HU | 580 (68.2%) |
| Renter Occupied HU | 173 (20.3%) |
| Vacant Housing Units | 98 (11.5%) |
| Median Home Value | $109,722 |
| Average Home Value | $145,069 |
Housing Distribution
Address Breakdown
Residential
559
Single Family
559
Multi-Family
0
Businesses
38
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