34 Lake Warren DrMonmouthIL61462
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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 Monmouth at 34 Lake Warren Dr, Monmouth, IL, 61462 offers a 6.45% rental yield on a $160,000 purchase with $860/mo rent. 68% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 65.66% and total cumulative return in cash at $34,826. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $860/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
3,250 sqft lot
$N/A/sqft
$70 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61462, Monmouth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,818 (100%) |
| Owner Occupied HU | 3,039 (63.1%) |
| Renter Occupied HU | 1,128 (23.4%) |
| Vacant Housing Units | 651 (13.5%) |
| Median Home Value | $112,163 |
| Average Home Value | $161,049 |
Housing Distribution
Address Breakdown
Residential
4,397
Single Family
4,029
Multi-Family
368
Businesses
399
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