304 S Madison StLewistownIL61542
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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 Lewistown at 304 S Madison St, Lewistown, IL, 61542 priced at $105,000 pairs $1,396/mo rent with $668/mo cash flow after a $514/mo payment. Total monthly income equals $1,396/mo, and annual cash flow comes to $8,011/yr on $34,808 invested. Return on cash invested is 42.93% in year one, and rental yield stands at 15.95% on a $105,000 basis. Equity gained on principal adds $678/yr, and 5% annual appreciation accumulates to $29,010 by year five. Five-year ROI measures 227.3% and total cumulative return in cash reaches $79,118. For financing, Ziffy Mortgage’s DSCR program evaluates $1,396/mo property income against a $514/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61542, Lewistown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,749 (100%) |
| Owner Occupied HU | 1,086 (62.1%) |
| Renter Occupied HU | 386 (22.1%) |
| Vacant Housing Units | 277 (15.8%) |
| Median Home Value | $128,538 |
| Average Home Value | $202,569 |
Housing Distribution
Address Breakdown
Residential
1,578
Single Family
1,458
Multi-Family
120
Businesses
116
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Listed by: Jeanine Smith • Gorsuch Realty & Auction
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1259642
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.