406 E Newman StKnoxvilleIL61448
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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 Knoxville at 406 E Newman St, Knoxville, IL, 61448 with 5% annual appreciation on a $149,900 basis while $780/mo rent supports operations. 63% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 6.24%. Five-year ROI measures 70.15% and total cumulative return in cash totals $34,859. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $780/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
8,802 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61448, Knoxville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,702 (100%) |
| Owner Occupied HU | 1,292 (75.9%) |
| Renter Occupied HU | 274 (16.1%) |
| Vacant Housing Units | 136 ( 8.0%) |
| Median Home Value | $156,782 |
| Average Home Value | $243,349 |
Housing Distribution
Address Breakdown
Residential
1,568
Single Family
1,561
Multi-Family
7
Businesses
93
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