1190 Lakeview DrCreal SpringsIL62922
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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 Creal Springs at 1190 Lakeview Dr, Creal Springs, IL, 62922 priced at $320,000 converts $2,288/mo rent into $60/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,288/mo, and annual cash flow totals $724/yr on $106,080 invested. Return on cash invested prints 20.59% in year one, and rental yield reads 8.58% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 107.55% and total cumulative return in cash sums $114,087. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,288/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.80 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62922, Creal Springs, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,625 (100%) |
| Owner Occupied HU | 1,112 (68.4%) |
| Renter Occupied HU | 164 (10.1%) |
| Vacant Housing Units | 349 (21.5%) |
| Median Home Value | $216,244 |
| Average Home Value | $223,649 |
Housing Distribution
Address Breakdown
Residential
1,191
Single Family
1,191
Multi-Family
0
Businesses
27
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Listed by: Linda Cox • C21 HOUSE OF REALTY, INC. L
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB456874
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.