22 Lakeview DrNeogaIL62447
Nearby investment properties with comparable rents
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 Neoga at 22 Lakeview Dr, Neoga, IL, 62447 priced at $212,500 converts $984/mo rent into after a $1,040/mo obligation. Total monthly income equals $984/mo. Return on cash invested prints 11.56% in year one, and rental yield reads 5.56% against a $212,500 entry. Equity gained on principal adds $1,371/yr, while 5% annual appreciation compiles into $58,710 by year five. Five-year ROI reaches 59.12% and total cumulative return in cash sums $41,648. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $984/mo property income covering a $1,040/mo payment, not borrower’s personal income.
Manufactured
Built in 1972
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62447, Neoga, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,490 (100%) |
| Owner Occupied HU | 1,091 (73.2%) |
| Renter Occupied HU | 180 (12.1%) |
| Vacant Housing Units | 219 (14.7%) |
| Median Home Value | $177,885 |
| Average Home Value | $222,193 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,200
Multi-Family
0
Businesses
68
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices