3708 Lake DrTaylorvilleIL62568
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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 Taylorville at 3708 Lake Dr, Taylorville, IL, 62568 priced at $390,000 converts $3,260/mo rent into $555/mo cash flow after a $1,909/mo obligation. Total monthly income equals $3,260/mo, and annual cash flow totals $6,657/yr on $129,285 invested. Return on cash invested prints 25.06% in year one, and rental yield reads 10.03% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 131.43% and total cumulative return in cash sums $169,916. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,260/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62568, Taylorville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,015 (100%) |
| Owner Occupied HU | 4,563 (65.0%) |
| Renter Occupied HU | 1,786 (25.5%) |
| Vacant Housing Units | 666 ( 9.5%) |
| Median Home Value | $139,713 |
| Average Home Value | $185,121 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
6,002
Multi-Family
523
Businesses
542
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