13 Melrose LnLewistownIL61542
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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 Lewistown at 13 Melrose Ln, Lewistown, IL, 61542 uses $49,559 cash to close to unlock $1,461/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $1,159/mo, and a $732/mo payment keeps the spread at $122/mo. Purchase price stands at $149,500, and rental yield measures 9.3% with $1,159/mo rent. Return on cash invested shows 22.86% in year one, and 5% annual appreciation builds toward $41,304 over five years. Five-year ROI reaches 119.67% and total cumulative return in cash records $59,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,159/mo property income covering a $732/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61542, Lewistown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,749 (100%) |
| Owner Occupied HU | 1,086 (62.1%) |
| Renter Occupied HU | 386 (22.1%) |
| Vacant Housing Units | 277 (15.8%) |
| Median Home Value | $128,538 |
| Average Home Value | $202,569 |
Housing Distribution
Address Breakdown
Residential
1,578
Single Family
1,458
Multi-Family
120
Businesses
116
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