29 Homestead DrNewtonIL62448
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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 Newton at 29 Homestead Dr, Newton, IL, 62448 earns $50/mo cash flow from $2,061/mo rent with a $1,419/mo payment. Total monthly income totals $2,061/mo, and annual cash flow totals $601/yr on $96,102 capital. ROI tracks 20.53% on current figures, and rental yield reads 8.53% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 107.22% and total cumulative return in cash sums $103,041. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,061/mo property income instead of your personal income.
Single Family
Built in 1971
1.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62448, Newton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,596 (100%) |
| Owner Occupied HU | 1,912 (73.7%) |
| Renter Occupied HU | 416 (16.0%) |
| Vacant Housing Units | 268 (10.3%) |
| Median Home Value | $139,157 |
| Average Home Value | $205,139 |
Housing Distribution
Address Breakdown
Residential
2,513
Single Family
2,454
Multi-Family
59
Businesses
257
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