16 E Meadow Creek LnLynn CenterIL61262
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Nearby investment properties with comparable prices
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 Lynn Center at 16 E Meadow Creek Ln, Lynn Center, IL, 61262 priced at $364,900 pairs $3,072/mo rent with $411/mo cash flow after a $1,786/mo payment. Total monthly income equals $3,072/mo, and annual cash flow comes to $4,937/yr on $120,964 invested. Return on cash invested is 23.99% in year one, and rental yield stands at 10.1% on a $364,900 basis. Equity gained on principal adds $2,355/yr, and 5% annual appreciation accumulates to $100,815 by year five. Five-year ROI measures 126.2% and total cumulative return in cash reaches $152,652. For financing, Ziffy Mortgage’s DSCR program evaluates $3,072/mo property income against a $1,786/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2013
1.31 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61262, Lynn Center, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 320 (100%) |
| Owner Occupied HU | 282 (88.1%) |
| Renter Occupied HU | 17 ( 5.3%) |
| Vacant Housing Units | 21 ( 6.6%) |
| Median Home Value | $225,000 |
| Average Home Value | $233,803 |
Housing Distribution
Address Breakdown
Residential
280
Single Family
280
Multi-Family
0
Businesses
9
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Listed by: Richard Bassford • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261658
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.