26 Lake Warren DrMonmouthIL61462
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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 Monmouth at 26 Lake Warren Dr, Monmouth, IL, 61462 priced at $149,900 converts $1,235/mo rent into $195/mo cash flow after a $734/mo obligation. Total monthly income equals $1,235/mo, and annual cash flow totals $2,339/yr on $49,692 invested. Return on cash invested prints 24.62% in year one, and rental yield reads 9.89% 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 129.05% and total cumulative return in cash sums $64,127. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,235/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61462, Monmouth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,818 (100%) |
| Owner Occupied HU | 3,039 (63.1%) |
| Renter Occupied HU | 1,128 (23.4%) |
| Vacant Housing Units | 651 (13.5%) |
| Median Home Value | $112,163 |
| Average Home Value | $161,049 |
Housing Distribution
Address Breakdown
Residential
4,397
Single Family
4,029
Multi-Family
368
Businesses
399
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