279 Blackhawk DrHopewellIL61565
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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
Investment property for sale in Hopewell at 279 Blackhawk Dr, Hopewell, IL, 61565 uses $81,184 cash to close to unlock $2,376/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $1,897/mo, and a $1,199/mo payment keeps the spread at $198/mo. Purchase price stands at $244,900, and rental yield measures 9.3% with $1,897/mo rent. Return on cash invested shows 22.84% in year one, and 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 119.5% and total cumulative return in cash records $97,013. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,897/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1997
1.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61565, Sparland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 634 (100%) |
| Owner Occupied HU | 517 (81.5%) |
| Renter Occupied HU | 65 (10.3%) |
| Vacant Housing Units | 52 ( 8.2%) |
| Median Home Value | $163,313 |
| Average Home Value | $184,115 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
617
Multi-Family
0
Businesses
12
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Listed by: Drake Scott • Keller Williams Premier Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1256949
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.