511 E Rennesoy DrNewarkIL60541
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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 Newark at 511 E Rennesoy Dr, Newark, IL, 60541 at $375,000 posts ROI -5.2% with from $0/mo rent. Total monthly income equals $0/mo. Return on cash invested measures -5.2% and rental yield reads 0% at the current $375,000. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 by year five. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $0/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60541, Newark, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,189 (100%) |
| Owner Occupied HU | 942 (79.2%) |
| Renter Occupied HU | 203 (17.1%) |
| Vacant Housing Units | 44 ( 3.7%) |
| Median Home Value | $363,889 |
| Average Home Value | $388,830 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
945
Multi-Family
32
Businesses
91
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No similar rental properties found nearby.
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