308 Eaton StNewtonIL62448
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Nearby investment properties with comparable prices
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 308 Eaton St, Newton, IL, 62448 at $150,000 posts ROI 21.76% with $77/mo cash flow from $1,117/mo rent. Total monthly income equals $1,117/mo, and annual cash flow records $921/yr on $49,725 to close. Return on cash invested measures 21.76% and rental yield reads 8.94% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 113.77% and total cumulative return in cash totals $56,574.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,117/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
8,712 sqft 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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