13 Lincolnshire AveDanvilleIL61832
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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 Danville at 13 Lincolnshire Ave, Danville, IL, 61832 generates $1,020/mo in rent, after a $1,370/mo payment. Total monthly income is $1,020/mo. Return on cash invested sits at 7.99% in year one, and rental yield is 4.37% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 39.94% and total cumulative return in cash sums $37,057. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61832, Danville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,410 (100%) |
| Owner Occupied HU | 7,791 (50.6%) |
| Renter Occupied HU | 5,398 (35.0%) |
| Vacant Housing Units | 2,221 (14.4%) |
| Median Home Value | $96,049 |
| Average Home Value | $135,574 |
Housing Distribution
Address Breakdown
Residential
14,513
Single Family
12,793
Multi-Family
1,720
Businesses
1,087
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