516 Lathrop TerSouth BeloitIL61080
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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 South Beloit at 516 Lathrop Ter, South Beloit, IL, 61080 with 5% annual appreciation on a $229,900 basis while $1,579/mo rent supports operations. 67% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 8.24%. Five-year ROI measures 102.53% and total cumulative return in cash totals $78,143. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,579/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61080, South Beloit, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,686 (100%) |
| Owner Occupied HU | 3,293 (70.3%) |
| Renter Occupied HU | 1,040 (22.2%) |
| Vacant Housing Units | 353 ( 7.5%) |
| Median Home Value | $195,268 |
| Average Home Value | $228,383 |
Housing Distribution
Address Breakdown
Residential
4,437
Single Family
4,253
Multi-Family
184
Businesses
307
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Listed by: Heather Collins-Armenta • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202505261