302 N Canal StNewarkIL60541
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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 Newark at 302 N Canal St, Newark, IL, 60541 with 5% annual appreciation on a $379,900 basis while $3,497/mo rent supports operations. Total monthly income totals $3,497/mo and a $1,859/mo payment preserves $862/mo for cash returns. Annual cash flow comes to $10,348/yr on $125,937 deployed, and return on cash invested reaches 28.13% in year one. Equity gained on principal adds $2,451/yr, and five-year appreciation sums $104,959 alongside rental yield of 11.05%. Five-year ROI measures 147.9% and total cumulative return in cash totals $186,257.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,497/mo property income versus a $1,859/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60541, Newark, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,189 (100%) |
| Owner Occupied HU | 942 (79.2%) |
| Renter Occupied HU | 203 (17.1%) |
| Vacant Housing Units | 44 ( 3.7%) |
| Median Home Value | $363,889 |
| Average Home Value | $388,830 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
945
Multi-Family
32
Businesses
91
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