123 Lamar DrSalemIL62881
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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 Salem at 123 Lamar Dr, Salem, IL, 62881 earns $142/mo cash flow from $1,106/mo rent with a $680/mo payment. Total monthly income totals $1,106/mo, and annual cash flow totals $1,706/yr on $46,079 capital. ROI tracks 23.61% on current figures, and rental yield reads 9.55% at a $139,000 purchase. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 over five years. Five-year ROI reaches 123.77% and total cumulative return in cash sums $57,032. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,106/mo property income instead of your personal income.
Single Family
Built in 1978
9,310 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62881, Salem, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,931 (100%) |
| Owner Occupied HU | 3,300 (66.9%) |
| Renter Occupied HU | 1,177 (23.9%) |
| Vacant Housing Units | 454 ( 9.2%) |
| Median Home Value | $119,093 |
| Average Home Value | $157,119 |
Housing Distribution
Address Breakdown
Residential
4,702
Single Family
4,462
Multi-Family
240
Businesses
492
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Listed by: JOSEPH PURDY • Real Broker LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB456434
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.