1427 Newport RdSmithboroIL62284
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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 Smithboro at 1427 Newport Rd, Smithboro, IL, 62284 with 5% annual appreciation on a $350,000 basis while $1,986/mo rent supports operations. 34% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 6.81%. Five-year ROI measures 79.35% and total cumulative return in cash totals $92,066. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,986/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1998
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62284, Smithboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 207 (100%) |
| Owner Occupied HU | 140 (67.6%) |
| Renter Occupied HU | 45 (21.7%) |
| Vacant Housing Units | 22 (10.6%) |
| Median Home Value | $225,000 |
| Average Home Value | $244,357 |
Housing Distribution
Address Breakdown
Residential
198
Single Family
198
Multi-Family
0
Businesses
10
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Listed by: Wayne A Mollett • Seven Oaks Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25027466
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