238 Sheridan DrLoves ParkIL61111
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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 Loves Park at 238 Sheridan Dr, Loves Park, IL, 61111 priced at $179,900 converts $1,645/mo rent into $397/mo cash flow after a $881/mo obligation. Total monthly income equals $1,645/mo, and annual cash flow totals $4,760/yr on $59,637 invested. Return on cash invested prints 27.89% in year one, and rental yield reads 10.97% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 146.66% and total cumulative return in cash sums $87,465. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,645/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1952
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61111, Loves Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,578 (100%) |
| Owner Occupied HU | 6,876 (65.0%) |
| Renter Occupied HU | 3,248 (30.7%) |
| Vacant Housing Units | 454 ( 4.3%) |
| Median Home Value | $166,525 |
| Average Home Value | $191,823 |
Housing Distribution
Address Breakdown
Residential
10,594
Single Family
10,170
Multi-Family
424
Businesses
1,016
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Listed by: Keith Kelly • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202600178