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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newton at 301 S Scott Ave, Newton, IL, 62448 priced at $160,000 converts $0/mo rent into after a $783/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.2% in year one, and rental yield reads 0% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1978
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 62448, Newton, IL area.
| 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 |
Residential
2,513
Single Family
2,454
Multi-Family
59
Businesses
257
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Scott Bierman • Personal Service Realty
Mls Name: CIBR
Mls ID: #6255352
