585 Knollwood RdDavisIL61019
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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 585 Knollwood Rd, Davis, IL, 61019 uses $94,478 cash to close to unlock $2,965/yr annual cash flow and $247/mo monthly cash flow. Total monthly income runs $2,224/mo, and a $1,395/mo payment keeps the spread at $247/mo. Purchase price stands at $285,000, and rental yield measures 9.36% with $2,224/mo rent. Return on cash invested shows 23.05% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 120.7% and total cumulative return in cash records $114,030. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,224/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1984
N/A lot
$N/A/sqft
No 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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