521 W State StLovingtonIL61937
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
Rental property for sale in Lovington at 521 W State St, Lovington, IL, 61937 priced at $148,500 pairs $1,553/mo rent with $523/mo cash flow after a $727/mo payment. Total monthly income equals $1,553/mo, and annual cash flow comes to $6,274/yr on $49,228 invested. Return on cash invested is 32.65% in year one, and rental yield stands at 12.55% on a $148,500 basis. Equity gained on principal adds $958/yr, and 5% annual appreciation accumulates to $41,028 by year five. Five-year ROI measures 172.18% and total cumulative return in cash reaches $84,759. For financing, Ziffy Mortgage’s DSCR program evaluates $1,553/mo property income against a $727/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61937, Lovington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 851 (100%) |
| Owner Occupied HU | 580 (68.2%) |
| Renter Occupied HU | 173 (20.3%) |
| Vacant Housing Units | 98 (11.5%) |
| Median Home Value | $109,722 |
| Average Home Value | $145,069 |
Housing Distribution
Address Breakdown
Residential
559
Single Family
559
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices