33 Homestead DrNewtonIL62448
Nearby investment properties with comparable rents
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 33 Homestead Dr, Newton, IL, 62448 earns from $1,766/mo rent with a $1,272/mo payment. Total monthly income totals $1,766/mo. ROI tracks 19.4% on current figures, and rental yield reads 8.15% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 101.13% and total cumulative return in cash sums $87,130. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,766/mo property income instead of your personal income.
Single Family
Built in 1968
0.76 Acres 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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