385 N Lakeview DrSalemIL62881
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 Salem at 385 N Lakeview Dr, Salem, IL, 62881 at $325,000 posts ROI 34.92% with $1,348/mo cash flow from $3,644/mo rent. Total monthly income equals $3,644/mo, and annual cash flow records $16,173/yr on $107,738 to close. Return on cash invested measures 34.92% and rental yield reads 13.45% at the current $325,000. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 by year five. Five-year ROI prints 184.5% and total cumulative return in cash totals $198,781.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,644/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1975
N/A lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62881, Salem, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,931 (100%) |
| Owner Occupied HU | 3,300 (66.9%) |
| Renter Occupied HU | 1,177 (23.9%) |
| Vacant Housing Units | 454 ( 9.2%) |
| Median Home Value | $119,093 |
| Average Home Value | $157,119 |
Housing Distribution
Address Breakdown
Residential
4,702
Single Family
4,462
Multi-Family
240
Businesses
492
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Listed by: Cindy Quinn • QUINN REALTY AND PROPERTY MANAGEMENT GROUP
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB455031
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.