6 Lakepoint DrKincaidIL62540
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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 Kincaid at 6 Lakepoint Dr, Kincaid, IL, 62540 with 5% annual appreciation on a $289,000 basis while $2,513/mo rent supports operations. Total monthly income totals $2,513/mo and a $1,415/mo payment preserves $508/mo for cash returns. Annual cash flow comes to $6,095/yr on $95,804 deployed, and return on cash invested reaches 26.27% in year one. Equity gained on principal adds $1,865/yr, and five-year appreciation sums $79,845 alongside rental yield of 10.43%. Five-year ROI measures 137.93% and total cumulative return in cash totals $132,146.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,513/mo property income versus a $1,415/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62540, Kincaid, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 694 (100%) |
| Owner Occupied HU | 479 (69.0%) |
| Renter Occupied HU | 140 (20.2%) |
| Vacant Housing Units | 75 (10.8%) |
| Median Home Value | $121,516 |
| Average Home Value | $149,796 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
35
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Listed by: Julie Davis • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037106
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.