417 Lockwood CtDavisIL61019
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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 Davis at 417 Lockwood Ct, Davis, IL, 61019 uses $97,793 cash to close to unlock $24,726/yr annual cash flow and $2,061/mo monthly cash flow. Total monthly income runs $4,276/mo, and a $1,444/mo payment keeps the spread at $2,061/mo. Purchase price stands at $295,000, and rental yield measures 17.39% with $4,276/mo rent. Return on cash invested shows 45.19% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 240.19% and total cumulative return in cash records $234,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,276/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.72 Acres lot
$N/A/sqft
$2,030 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61019, Davis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,933 (100%) |
| Owner Occupied HU | 1,355 (70.1%) |
| Renter Occupied HU | 144 ( 7.4%) |
| Vacant Housing Units | 434 (22.5%) |
| Median Home Value | $239,952 |
| Average Home Value | $262,063 |
Housing Distribution
Address Breakdown
Residential
1,625
Single Family
1,625
Multi-Family
0
Businesses
34
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Listed by: Patricia Tynan • Best Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404800
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.