12 Lakeview DrGrovelandIL61535
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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 Groveland at 12 Lakeview Dr, Groveland, IL, 61535 offers $2,077/mo rent that, after a $1,610/mo payment. Total monthly income is $2,077/mo. Return on cash invested measures 17.66% in year one, and rental yield stands at 7.58% at a $329,000 entry. Equity gained on principal adds $2,123/yr while 5% annual appreciation compounds into $90,897 by year five. Five-year ROI records 91.77% and total cumulative return in cash reaches $100,089. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,077/mo property income versus a $1,610/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61535, Groveland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 684 (89.8%) |
| Renter Occupied HU | 35 ( 4.6%) |
| Vacant Housing Units | 43 ( 5.6%) |
| Median Home Value | $309,322 |
| Average Home Value | $316,473 |
Housing Distribution
Address Breakdown
Residential
626
Single Family
626
Multi-Family
0
Businesses
27
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