3 E Okaw EstsLovingtonIL61937
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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 Lovington at 3 E Okaw Ests, Lovington, IL, 61937 priced at $220,000 pairs $2,042/mo rent with $516/mo cash flow after a $1,077/mo payment. Total monthly income equals $2,042/mo, and annual cash flow comes to $6,190/yr on $72,930 invested. Return on cash invested is 28.4% in year one, and rental yield stands at 11.14% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 149.32% and total cumulative return in cash reaches $108,899. For financing, Ziffy Mortgage’s DSCR program evaluates $2,042/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61937, Lovington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 851 (100%) |
| Owner Occupied HU | 580 (68.2%) |
| Renter Occupied HU | 173 (20.3%) |
| Vacant Housing Units | 98 (11.5%) |
| Median Home Value | $109,722 |
| Average Home Value | $145,069 |
Housing Distribution
Address Breakdown
Residential
559
Single Family
559
Multi-Family
0
Businesses
38
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