1322 Richland AveLincolnIL62656
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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 Lincoln at 1322 Richland Ave, Lincoln, IL, 62656 offers a 9.24% rental yield on a $112,332 purchase with $865/mo rent. Total monthly income registers $865/mo, and a $550/mo payment leaves $86/mo available for distribution. Annual cash flow reaches $1,028/yr on $37,238 to close, and return on cash invested stands at 22.67% in year one. Equity gained on principal adds $725/yr while 5% annual appreciation supports $31,035 over five years. Portfolio math shows five-year ROI at 118.68% and total cumulative return in cash at $44,196. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $865/mo property income against a $550/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62656, Lincoln, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,652 (100%) |
| Owner Occupied HU | 4,614 (60.3%) |
| Renter Occupied HU | 2,226 (29.1%) |
| Vacant Housing Units | 812 (10.6%) |
| Median Home Value | $133,344 |
| Average Home Value | $162,380 |
Housing Distribution
Address Breakdown
Residential
7,055
Single Family
6,707
Multi-Family
348
Businesses
632
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