168 W Lockhart StNianticIL62551
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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 Niantic at 168 W Lockhart St, Niantic, IL, 62551 priced at $149,900 converts $1,165/mo rent into $125/mo cash flow after a $734/mo obligation. Total monthly income equals $1,165/mo, and annual cash flow totals $1,499/yr on $49,692 invested. Return on cash invested prints 22.93% in year one, and rental yield reads 9.33% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 120.02% and total cumulative return in cash sums $59,639. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,165/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62551, Niantic, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 332 (100%) |
| Owner Occupied HU | 254 (76.5%) |
| Renter Occupied HU | 49 (14.8%) |
| Vacant Housing Units | 29 ( 8.7%) |
| Median Home Value | $106,780 |
| Average Home Value | $127,815 |
Housing Distribution
Address Breakdown
Residential
180
Single Family
180
Multi-Family
0
Businesses
17
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