331 Newcombe LnChathamIL62629
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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 Chatham at 331 Newcombe Ln, Chatham, IL, 62629 earns $420/mo cash flow from $2,910/mo rent with a $1,757/mo payment. Total monthly income totals $2,910/mo, and annual cash flow totals $5,040/yr on $119,009 capital. ROI tracks 24.14% on current figures, and rental yield reads 9.73% at a $359,000 purchase. Equity gained on principal adds $2,317/yr, and 5% annual appreciation supports $99,185 over five years. Five-year ROI reaches 126.56% and total cumulative return in cash sums $150,619. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,910/mo property income instead of your personal income.
Single Family
Built in 2004
10,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62629, Chatham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,305 (100%) |
| Owner Occupied HU | 4,641 (73.6%) |
| Renter Occupied HU | 1,202 (19.1%) |
| Vacant Housing Units | 462 ( 7.3%) |
| Median Home Value | $260,971 |
| Average Home Value | $279,718 |
Housing Distribution
Address Breakdown
Residential
6,294
Single Family
6,080
Multi-Family
214
Businesses
271
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