2403 Summit AveLawrencevilleIL62439
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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
Investment property for sale in Lawrenceville at 2403 Summit Ave, Lawrenceville, IL, 62439 offers a 10.52% rental yield on a $187,500 purchase with $1,643/mo rent. Total monthly income registers $1,643/mo, and a $918/mo payment leaves $342/mo available for distribution. Annual cash flow reaches $4,106/yr on $62,156 to close, and return on cash invested stands at 26.52% in year one. Equity gained on principal adds $1,210/yr while 5% annual appreciation supports $51,803 over five years. Portfolio math shows five-year ROI at 139.33% and total cumulative return in cash at $86,599. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,643/mo property income against a $918/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62439, Lawrenceville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,321 (100%) |
| Owner Occupied HU | 2,049 (61.7%) |
| Renter Occupied HU | 865 (26.0%) |
| Vacant Housing Units | 407 (12.3%) |
| Median Home Value | $114,517 |
| Average Home Value | $170,669 |
Housing Distribution
Address Breakdown
Residential
3,328
Single Family
3,134
Multi-Family
194
Businesses
285
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Listed by: Erica Lytis • Crawford County Real Estate, Inc.
Mls Name: My State MLS
Mls ID: #11584857