408 River LnLoves ParkIL61111
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 Loves Park at 408 River Ln, Loves Park, IL, 61111 at $155,000 posts ROI 22.4% with $107/mo cash flow from $1,182/mo rent. Total monthly income equals $1,182/mo, and annual cash flow records $1,278/yr on $51,383 to close. Return on cash invested measures 22.4% and rental yield reads 9.15% at the current $155,000. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 by year five. Five-year ROI prints 117.2% and total cumulative return in cash totals $60,220.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,182/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1926
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61111, Loves Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,578 (100%) |
| Owner Occupied HU | 6,876 (65.0%) |
| Renter Occupied HU | 3,248 (30.7%) |
| Vacant Housing Units | 454 ( 4.3%) |
| Median Home Value | $166,525 |
| Average Home Value | $191,823 |
Housing Distribution
Address Breakdown
Residential
10,594
Single Family
10,170
Multi-Family
424
Businesses
1,016
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Listed by: Virgilio Arreguin-Solorio, CSC • My Casa Realty Corp.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12482638