1263 Kerwin DrNew DouglasIL62074
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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 New Douglas at 1263 Kerwin Dr, New Douglas, IL, 62074 offers $1,807/mo rent that, after a $1,444/mo payment. Total monthly income is $1,807/mo. Return on cash invested measures 16.97% in year one, and rental yield stands at 7.35% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 88.08% and total cumulative return in cash reaches $86,138. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,807/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
23.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62074, New Douglas, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 530 (100%) |
| Owner Occupied HU | 411 (77.5%) |
| Renter Occupied HU | 74 (14.0%) |
| Vacant Housing Units | 45 ( 8.5%) |
| Median Home Value | $247,667 |
| Average Home Value | $303,151 |
Housing Distribution
Address Breakdown
Residential
378
Single Family
378
Multi-Family
0
Businesses
16
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Listed by: Sarah Miller • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls Provider:
Mls ID: #24034290
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