317 Lumar DrPearl CityIL61062
Nearby investment properties with comparable rents
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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 Pearl City at 317 Lumar Dr, Pearl City, IL, 61062 priced at $200,000 converts $1,357/mo rent into after a $979/mo obligation. Total monthly income equals $1,357/mo. Return on cash invested prints 19.36% in year one, and rental yield reads 8.14% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 100.9% and total cumulative return in cash sums $66,896. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,357/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61062, Pearl City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 797 (100%) |
| Owner Occupied HU | 623 (78.2%) |
| Renter Occupied HU | 124 (15.6%) |
| Vacant Housing Units | 50 ( 6.3%) |
| Median Home Value | $198,349 |
| Average Home Value | $281,954 |
Housing Distribution
Address Breakdown
Residential
723
Single Family
715
Multi-Family
8
Businesses
44
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Nearby investment properties with comparable prices
Listed by: Ryan Wagand • Real Broker LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12308873
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)