198 Lake Summerset RdDavisIL61019
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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 Davis at 198 Lake Summerset Rd, Davis, IL, 61019 offers $2,809/mo rent that, after a $1,757/mo payment, leaves $319/mo cash flow. Total monthly income is $2,809/mo, and annual cash flow is $3,828/yr on $119,009 cash. Return on cash invested measures 23.13% in year one, and rental yield stands at 9.39% at a $359,000 entry. Equity gained on principal adds $2,317/yr while 5% annual appreciation compounds into $99,185 by year five. Five-year ROI records 121.1% and total cumulative return in cash reaches $144,115. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,809/mo property income versus a $1,757/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61019, Davis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,933 (100%) |
| Owner Occupied HU | 1,355 (70.1%) |
| Renter Occupied HU | 144 ( 7.4%) |
| Vacant Housing Units | 434 (22.5%) |
| Median Home Value | $239,952 |
| Average Home Value | $262,063 |
Housing Distribution
Address Breakdown
Residential
1,625
Single Family
1,625
Multi-Family
0
Businesses
34
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